By Daniel Lanyon on Wednesday 18 November 2020
The digital wealth manager will launch a new range of investment portfolios run by J.P. Morgan AM’s in-house mult-asset team.
Nutmeg has partnered with J.P. Morgan Asset Management to launch a new range of investment portfolios.
The digital wealth manager, which says it has 100,000 customers, has typically built its portfolios in-house with its own investment management team via a basket of Exchange Traded Funds (ETFs).
The new Smart Alpha portfolio range will include active security selection picked by J.P. Morgan AM’s multi-asset team and include both passive and active equity-based ETFs.
James McManus (pictured), chief investment officer, Nutmeg, says the new portfolio range “sits at the intersection of passive and active management.”
“It builds on our core investment principles and aims to deliver superior returns by giving customers the best of both worlds: a multi-asset portfolio that combines the diversification of a passive approach with active, ESG-integrated, research-driven security selection,” he said.
Edward Malcolm, head of UK ETF distribution, J.P. Morgan Asset Management, said: “We are delighted to be partnering with Nutmeg to offer their clients a suite of risk-rated portfolios which combine active and passive ETFs. These portfolios, in partnership with Nutmeg’s technology capabilities, have been designed to complement and enhance the investment opportunities available to Nutmeg customers.”