J.P. Morgan Asset Management and Lincoln Financial Group announced that they have strengthened their partnership to have J.P. Morgan’s world class investment capabilities as part of Lincoln Financial Group’s platform, offerings of leading insurance, retirement and variable annuity solutions.
Under this initiative, shareholders of four JPMorgan Insurance Trust Portfolios (JPM VITs) will be asked to approve a proposal to merge the JPM VITs into four corresponding, newly formed series of Lincoln Financial Variable Insurance Products Trust (LVIP Acquiring Funds).
The JPM VITs represent four of J.P. Morgan’s flagship investment strategies across equities and fixed income asset classes. The transaction is expected to take place in May 2023.
Pending shareholder approval of the merger, J.P. Morgan will serve as the subadvisor for each LVIP Acquiring Fund and will continue to manage the LVIP Acquiring Funds using its world-class portfolio management teams and investment processes.
Lincoln Investment Advisors Corporation (LIAC) will be retained as the investment adviser to each LVIP Acquiring Fund.
As a leading provider of life, annuity and retirement solutions with a $90 billion funds platform, we are thrilled to have these capabilities as part of our subadvised lineup, further enhancing how we address core investor needsBen Richer, Head of Funds Management, Lincoln Financial Group
J.P. Morgan’s subadvisory business oversees $75 billion in assets under management across variable annuity and mutual fund products and is a top five variable annuity subadvisor in the industry.