J.P. Morgan Asset Management was considering expanding its MPF product offerings, though it had yet to file applications with regulators. Edwin Chan, head of institutional and pension business, said the firm was eyeing emerging-market debt, sector and commodity-related MPF funds.
Why emerging markets?
Resilient growth plus rising demand for inflation-hedged retirement products. Emerging economies’ robust growth made their debt and commodities a natural diversifier and inflation hedge for retirement portfolios. Chan said the firm was keen to bring new products to the MPF market.
What’s new?
AIA was adding JPMAM’s Asian Bond Fund to its MPF schemes in September 2011 — tangible evidence of demand for such products. In an era of intense fee scrutiny, a more diversified product shelf meant more allocation tools for workers.
One caution: emerging-market and commodity funds are more volatile, suiting members with higher risk tolerance and longer horizons. Compare funds’ risk and fees with MPF fund search.
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