MIAMI -- It used to be that a mutual fund was a pretty easy product to launch. Line up a set up securities. Buy. Hold. Mix occasionally. Now, managing products such as target-date funds present serious operational challenges, said George Gatch, chief executive officer of J.P. Morgan Asset Management Americas.
Creating a “glide path” for customers through funds that are designed to invest in more conservative assets over time – read: bonds over stocks – is not an easy task he said in a luncheon address on innovation at the National Investment Company Service Association 2011 Conference & Expo.
Register or login for access to this item and much more
All Bank Investment Consultant content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access