JP Morgan unveils five-strong fund of funds range

JP Morgan has added a five-strong fund of funds range to its Fusion suite.

The asset manager said its latest launch will be unfettered and whole-of-market, and like other offerings within the Fusion range it will bring together the funds team at JP Morgan Asset Management and JP Morgan Private Bank.

Tony Lanning, who announced he would leave Henderson and join JP Morgan later this year, will begin work on the range in May when he will help with the day to day investment decisions.

The funds will be positioned on the following risk points: Income, Conservative, Balanced, Growth and Growth Plus.

Jane Nicholls, head of UK client solutions at JP Morgan Asset Management, said: 'We have a consistently good track record in delivering whole-of-market investment solutions. Our ability to add value through manager selection and asset allocation is unrivalled as are our portfolio construction and risk management capabilities.

'Our size and scale enable us to tap into asset classes and share classes that more traditional fund-of-funds offerings in the market are unable to access.'

Jamie Farquhar, head of sales for JP Morgan Adviser Solutions, added that post the retail distribution review (RDR), demand for outsourced investment solutions has grown significantly.

'Over the last five years the fund-of-funds sector has seen a remarkable growth in funds under management. We firmly believe that we’re offering an innovative and differentiated fund-of-funds solution for financial advisers and consumers,' he said.