JP Morgan Asset Management has joined the ASX’s mFund Settlement Service with the addition of eight funds.
In a statement, JP Morgan Asset Management said it will now offer eight products covering fixed income, equities and multi-assets via the service.
JP Morgan AM head of Australia funds David Hallifax said: “We feel that by adding our funds to mFund, it provides investors with a great opportunity to access our leading global investment strategies.”
“We’ve seen increased demand from clients for global solutions as they look further afield for investment returns, given slower domestic growth,” he said.
ASX head of customer and business development, Ian Irvine, noted that the mFund service “continues to grow”.
“We look forward to working closely with [JP Morgan AM] as a partner to develop investor and adviser understanding of the benefits the service can provide,” Mr Irvine said.
Fidelity International added 12 funds to the scheme last month.
This followed NAB’s announcement in October 2015, which saw the company add Nabtrade, NAB Asset Management and NAB Asset Servicing to the mFund service.
Despite sharemarket declines, the Australian ETF industry finished August at a record high of $54.1 billion in funds under management, acco...
EXCLUSIVE The rise of populism and the social acceptance of protectionism are creating decent investment opportunities in emerging markets....
The small business ombudsman has charged banks with blocking financial services to the $2.6 billion adult industry, following an MP accus...