J.P. Morgan Launches J.P. Morgan CARS – 'Cash Allocation and Rebalancing Solution' – Supporting Target Date Funds

New York, NY, USA - 4 May 2011

J.P. Morgan Worldwide Securities Services today announced the launch of J.P. Morgan CARS, a new and market-leading automated platform for daily cash allocation and rebalancing of target date funds – both custom and open architecture - and other complex fund of fund structures. Because any investment product or pool is supported, the platform enables pension sponsors, investment managers and consultants to design and implement highly customized solutions with flexibility, efficiency and control.

J.P. Morgan CARS allows clients to implement a unique allocation strategy (“glide path”) with any configuration of underlying investments. The platform is scalable and secure with configurable parameters that enable efficient administration and embedded system controls. It is integrated with J.P. Morgan’s custody, accounting and reporting services.

“The pension industry continues to undergo significant change, driven by the broad and continuing shift of responsibility for retirement savings from plan sponsors to plan participants,” said Mark Kelley, Americas Markets Executive for J.P. Morgan Worldwide Securities Services. “By providing an automated rebalancing solution, J.P. Morgan CARS will enable clients to deliver customized and innovative investment solutions to help achieve better retirement outcomes for their plan participants, reduce costs and mitigate fiduciary risks.”

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