London, 6 May 2008 JPMorgan Investor Services today announced that it is extending its Compliance Reporting Services product to assist clients in monitoring their Socially Responsible Investment (SRI) restrictions. Through Web-based technology, JPMorgan institutional and asset manager clients will now be alerted when their portfolios are nearing or have breached limits that they have set themselves according to Environmental, Social and Governance (ESG) criteria.
The new criteria cover some 50 categories, including adult entertainment, gambling, tobacco, weapons, country ties, board diversity, corporate governance, climate change and faith values. The service can be applied to clients custody or accounting records, with online reporting available through JPMorgans existing Web-based Compliance Reporting application.
We have partnered with leading institutional and asset manager clients to further advance our investment compliance reporting application to support the growing interest in socially responsible investing, said Rajesh Kumar, executive director for compliance reporting services, JPMorgan Investor Services. The recent innovations enable us to provide market-leading compliance reporting services to assist with client-definable socially responsible investment criteria. We are now in a better position to help our clients ensure investment compliance with their funds principles, prospectuses and regulatory guidelines.
Screening data is sourced from Institutional Shareholders Services (ISS), part of the RiskMetrics Group. Screening methodologies integrate both top-down research on a company-specific basis as well as bottom-up research on an issue-basis. The research process focuses on primary source documentation, including reviews of company filings, corporate websites, policy statements, and/or corporate, social or environmental reports.
About JPMorgan Compliance Reporting Services
JPMorgans market-leading Compliance Reporting Services enables clients to efficiently detect and manage violations of client-specified investment rules, facilitating risk reduction and demonstrating industry best practices. With more than 6,000 portfolios including more than 2,000 mutual funds the firm services a large number of sophisticated investors globally, representing approximately $2 trillion in assets. JPMorgans diverse client list includes corporate and public pensions, investment managers, endowments and foundations, corporate cash, insurers and central banks.
About JPMorgan Investor Services
JPMorgan Investor Services is a premier asset servicing provider that helps institutional investors and alternative asset managers optimize efficiency, mitigate risk and enhance revenue. Part of JPMorgan Worldwide Securities Services, a division of JPMorgan Chase Bank, N.A., Investor Services leverages the firms unparalleled scale, leading technology and deep industry expertise to service investments around the world. It has $15.7 trillion in assets under custody and $4.6 trillion in assets under administration. For more information, go to www.jpmorgan.com/visit/is.
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $1.6 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase serves millions of consumers in the United States and many of the worlds most prominent corporate, institutional and government clients under its JPMorgan and Chase brands. Information about the firm is available at www.jpmorganchase.com.
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