FinTech Nutmeg and investment bank JP Morgan are launching a range of risk-rated portfolios.
In Brief:
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This is called the Smart Alpha digital portfolio range.
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JP Morgan’s asset management expertise and Nutmeg’s smart platform are coming together.
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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.
