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PrintMay 28, 2006
IMMEDIATE RELEASE
JPMorgan Asset Management Announces the Launch of its SmartRetirement Strategy
– Bringing Defined Benefit Investing to the Defined Contribution Participant–
New York, NY – May 26, 2006 – JPMorgan Asset Management announced the introduction of its aged-based target date strategy known as JPMorgan SmartRetirement for defined contribution participants. JPMorgan Asset Management has over $1.6 billion in asset allocation mandates for defined contribution plans with $550 million in SmartRetirement aged-based mandates (as of 4/30/06).
With JPMorgan SmartRetirement, plan participants will get:
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Access to the same portfolio construction tools and products normally used for the defined benefit clients;
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A blend of investment capabilities into a family of portfolios providing a simple, sound approach to investing;
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Access to a combination of investment strategies from a broad array of products to achieve optimal allocation across asset classes and investment styles;
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An understanding of participant behavior and investor psychology built into the process and individual portfolio design; and
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A simple effective approach to portfolio diversification and ongoing management of retirement assets.
Anne Lester, Portfolio Manager, JPMorgan Asset Management, said: “Through the JPMorgan SmartRetirement strategy we can offer defined contribution investors over 40 years’ experience in managing balanced portfolios typically available to defined benefit plans - and - access to JPMorgan’s global multi-asset group which will draw from a vast array of more than 160 proprietary investment strategies to identify the best investment opportunities in each asset category.”
Lester added: “We have already seen significant interest from defined contribution plan sponsors who are fully aware that many of their participants do not have the time, talent or interest to be able to invest appropriately for their future. We take a fiduciary approach to managing our clients’ portfolios and believe that this simple solution, which incorporates a very sophisticated set of individual products and tools, is set to grow and is something both plan sponsors and participants will see great value in.”
JPMorgan Asset Management has over 40 years’ experience in managing balanced portfolios with the fiduciary care and investment management expertise long provided to defined benefit clients. JPMorgan’s Global Multi-Asset Group, an industry leader, is a dedicated team of investment specialists whose sole responsibility consists of building multi-asset portfolios and directly managing client relationships.
About JPMorgan Asset Management:
With over $847 billion as of December 31, 2005*, in global discretionary assets under management, JPMorgan Asset Management is one of the largest active asset managers in the world and one of the largest mutual fund companies in the United States, providing institutional, ultra high net worth and retail clients with outstanding investment products across all asset classes globally, including fixed income, equity, liquidity, real estate, private equity and hedge funds.
*Based on AUM for the Asset & Wealth Management (JPMAM, PB, PCS) division of JPMorgan Chase & Co. as of Dec 31, 2005.
For further information, please contact:
Jackie Meere
Media Relations
Telephone: 212-648 -1798
Email: jacqueline.meere@jpmorgan.com
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The views and strategies described may not be suitable for all investors. References to specific securities, asset classes and financial markets are for illustrative purposes only and are not intended to be, and should not be interpreted as recommendations. Past performance is no guarantee of future results.JPMorgan Asset Management is the marketing name for the asset management businesses of JPMorgan Chase & Co. Those businesses include J.P. Morgan Investment Management Inc., JPMorgan Investment Advisors Inc, JPMorgan High Yield Partners, LLC, Security Capital Research & Management Incorporated and J.P. Morgan Alternative Asset Management, Inc.