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
With the final tally for FY25 now confirmed, how many advisers left during the financial year and how does it compare to the previous year?
HUB24 has appointed Matt Willis from Vanguard as an executive general manager of platform growth to strengthen the platform’s relationships with industry stakeholders.
Investment manager Drummond Capital Partners has announced a raft of adviser-focused updates, including a practice growth division, relaunched manager research capabilities, and a passive model portfolio suite.
When it comes to M&A activity, the share of financial buyers such as private equity firms in Australia fell from 67 per cent to 12 per cent in the last financial year.
