NEW YORK, Oct. 14, 2019 /PRNewswire/ -- J.P. Morgan Asset
Management today announced enhancements to Target Date
Compass©, the target date fund (TDF) analysis tool used
by advisors to help plan sponsors evaluate and select funds with
greater knowledge and confidence.
The enhanced Target Date Compass delivers new search
capabilities that allow advisors to more quickly find the funds
that align to plan sponsor goals, while new filters enable them to
easily narrow down the target date universe. The upgraded tool is
powered by third-party Morningstar data, delivering a
digital-first, best-in-class experience.
"Since Target Date Compass was launched in 2008, the program has
been a standard bearer for target date fund evaluation. Over the
past decade we have continued to work in consultation with our
clients to evolve the tool. The latest iteration provides advisors
with the capability to assess target date funds more quickly,
easily and accurately," said Michael
Miller, Head of Retirement Distribution at J.P. Morgan Asset
Management. "These enhancements are another example of our
business-wide efforts to offer advisors intuitive, digital-first
experiences that enable to them to better serve their plan sponsor
clients and grow their business."
The new Target Date Compass offers a suite of new search filters
resulting from extensive user testing with advisors. These
include:
- Fund type – Mutual funds vs CITs
- Minimum track record – 3, 5 or 10 years
- To vs. through funds
- Morningstar analyst rating – gold, silver, bronze
- Equity exposure (% of equity at the target date)
- Diversification (number of asset classes)
- Active exposure (the percentage of the fund series' assets that
are actively managed)
- Total AUM (sum of assets under management in the target date
series)
Thousands of advisors use Target Date Compass, with nearly
18,000 reports generated since May
2018 and upwards of 10,000 run this year alone.
"Analyzing the growing universe of target date funds in the
market can be daunting task for any advisor. Each enhancement made
to Target Date Compass is designed to make this process easier and
smarter, resulting in more informed target date fund decisions,"
said Meghan Jacobson, CFA, Executive
Director, J.P. Morgan Asset Management. "Beyond helping plan
sponsors narrow their set of fund choice, the program's reporting
capabilities also help meet fiduciary obligations with a
well-defined process for making, documenting and defending target
date fund selections."
To learn more about Target Date Compass, please visit
www.jpmorganfunds.com/compass.
About J.P. Morgan Asset Management
J.P. Morgan Asset Management, with assets under management of
$1.7 trillion (as of March 31, 2019), is a global leader in investment
management. J.P. Morgan Asset Management's clients include
institutions, retail investors and high net worth individuals in
every major market throughout the world. J.P. Morgan Asset
Management offers global investment management in equities, fixed
income, real estate, hedge funds, private equity and liquidity.
J.P. Morgan Asset Management is the marketing name for the asset
management businesses of JPMorgan Chase & Co. (NYSE: JPM), and
its affiliates worldwide.
J.P. Morgan Asset Management is the marketing name for the asset
management businesses of JPMorgan Chase & Co. Those businesses
include, but are not limited to, J.P. Morgan Investment Management
Inc., Security Capital Research & Management Incorporated, and
J.P. Morgan Alternative Asset Management, Inc.
J.P. Morgan Distribution Services, Inc., member of FINRA
Copyright 2019 JPMorgan Chase & Co. All rights reserved.
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SOURCE J.P. Morgan Asset Management