Oct 22, 2012 --- J.P. Morgan launched a target-date fund series, JPMorgan SmartRetirement
Blend Funds. ---
SmartRetirement Blend keeps the overall
asset allocation and glide path design of SmartRetirement target-date funds
(TDFs), while incorporating the selection of some passive investments for fee
The funds are designed to give strong
risk adjusted returns over market cycles, with the goal of getting as many
participants to a minimum wage replacement threshold as possible at the point
The series seeks to add value
- Diversified strategic asset allocation, grounded in
participant behavior research;
- Underlying manager selection screened from J.P.
Morgan's platform of 240-plus investment strategies for alpha delivery
with low correlation to other underlying strategies. The funds leverage
this process to incorporate passive investing in multiple asset classes,
including domestic U.S. equities; and
- Tactical asset allocation helps the fund series
position for market inefficiencies and relative value opportunities.
"Plan sponsors are increasingly
sensitive to fees, yet simultaneously take their fiduciary duty very seriously
in seeking the most suitable investment options for their participants to help
improve retirement outcomes," said Daniel Oldroyd, SmartRetirement portfolio
manager in J.P. Morgan Asset Management's global multi-asset group (GMAG).
The fund's management team, overseen by
Anne Lester, is part of a multi-asset boutique within J.P. Morgan.