FinTech Nutmeg and investment bank JP Morgan are launching a range of risk-rated portfolios.
This is called the Smart Alpha digital portfolio range.
JP Morgan’s asset management expertise and Nutmeg’s smart platform are coming together.
Nutmeg users will be able to invest in a selection chosen by JP Morgan including passive and equity-based ETFs.
What does this mean?
Nutmeg usually builds its portfolios in-house but the Smart Alpha portfolio range will be hand picked by JP Morgan Asset Management. It’s hoped this will deliver “superior returns” to Nutmeg’s 100,000 customers.