JP Morgan product added to platforms
JP Morgan Asset Management has had another product added to major platforms.
The company announced this week that its JP Morgan Global Strategic Bond Fund, an unconstrained fixed income solution, has been added to the BT, Asgard and IOOF platforms.
Announcing the product's inclusion on the platforms, the company's head of Australia Funds, David Hallifax said the fund had been brought to Australia after lengthy consultation with the market.
"We are pleased to be partnering with these platforms through which we can provide an unconstrained fixed income offering to investors, who may benefit from a flexible best ideas approach," he said.
The company's announcement said the product was managed by a team of highly experienced portfolio managers, including JP Morgan Asset Management's global chief investment officer for International Fixed Income, Bob Michele.
It described the JP Morgan Global Strategic Bond Fund as being agnostic to its benchmark and as aiming to achieve a total return in excess of cash by investing flexibly across global bond markets, and adapting its positioning based on changes in the economic and market environment.
"Australia is a priority market for JP Morgan Asset Management and as we continue to build our presence and expand our business, we will be working to add the Fund to more platforms," Hallifax said.
Recommended for you
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.
