Through its mutual fund arm, the investment bank will offer investment options that include equity funds representing US, international and emerging markets; fixed income funds, including investment grade, high yield and foreign bonds; real estate funds, and cash funds, according to a release.
“Target date funds are increasingly being chosen by clients as the optimal retirement choice,” said George Gatch, CEO of JPMorgan Funds, in a press release.
Target date funds shift allocations to reflect a participant’s changing age. For instance, as someone nears retirement, their invested assets are annually shifted out of equities and into more conservative funds, according to the release.
The funds offered include:
- JPMorgan SmartRetirement Income Fund
- JPMorgan SmartRetirement 2010 Fund
- JPMorgan SmartRetirement 2015 Fund
- JPMorgan SmartRetirement 2020 Fund
- JPMorgan SmartRetirement 2030 Fund
- JPMorgan SmartRetirement 2040 Fund
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