JP Morgan Asset Management (JPMAM) and CMB Wealth Management have unveiled a jointly developed fund aimed at China’s onshore retirement sector.
The Zhao Zhi Wu You Target 2035 fund is what is known as a target date fund in that it is structured around a specific time frame, typically retirement, so that the fund gradually adopts a more conservative investment approach as it nears that date, .
According to the firms, the fund will invest in “comprehensive and diversified global assets”.
The launch comes just weeks after JPMAM agreed to take a 10% stake in the Shenzhen-based wealth manager and subsidiary of China Merchants Bank.
The first product to be launched by the pair was a China income strategy in 2020.
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