JPMorgan Offers Six Target Date Funds

May 23, 2006 ( - JPMorgan has decided to offer a series of target date funds that will allow investors to choose a fund based on their age or expected date of retirement.

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