J.P. Morgan and Lincoln Financial Merge Insurance Trust Funds, Joining Forces to Enhance Offerings in the Variable Insurance Trust Space

J.P. Morgan and Lincoln Financial Merge Insurance Trust Funds, Joining Forces to Enhance Offerings in the Variable Insurance Trust Space

NEW YORK, and RADNOR, Pa., Dec. 19, 2022 /PRNewswire/ — – J.P. Morgan Asset Management and Lincoln Financial Group at this time introduced that they’ve strengthened their partnership to have J.P. Morgan’s world class funding capabilities as a part of Lincoln Financial Group’s platform, additional enhancing Lincoln’s broad choices of main insurance coverage, retirement and variable annuity options. 
Under this initiative, shareholders of 4 JPMorgan Insurance Trust Portfolios (JPM VITs) shall be requested to approve a proposal to merge the JPM VITs into 4 corresponding, newly shaped sequence of Lincoln Financial Variable Insurance Products Trust (LVIP Acquiring Funds). The JPM VITs signify 4 of J.P. Morgan’s flagship funding methods throughout equities and fastened revenue asset lessons.

LVIP Acquiring Funds

JPMorgan Insurance Trust Core Bond Portfolio
LVIP JPMorgan Core Bond Fund

JPMorgan Insurance Trust Mid Cap Value Portfolio
LVIP JPMorgan Mid Cap Value Fund

JPMorgan Insurance Trust Small Cap Core Portfolio
LVIP JPMorgan Small Cap Core Fund 

JPMorgan Insurance Trust U.S. Equity Portfolio
LVIP JPMorgan U.S. Equity Fund

Pending shareholder approval of the merger, J.P. Morgan1 will function the subadvisor for every LVIP Acquiring Fund and will proceed to handle the LVIP Acquiring Funds utilizing its world-class portfolio administration groups and funding processes. Lincoln Investment Advisors Corporation (LIAC) shall be retained as the funding adviser to every LVIP Acquiring Fund.
“As a number one supplier of life, annuity and retirement options with a $90 billion funds platform, we’re thrilled to have these capabilities as a part of our subadvised lineup, additional enhancing how we handle core investor wants,” stated Ben Richer, Head of Funds Management, Lincoln Financial Group. “The mixture of our scale, sources and funding platform design with J.P. Morgan’s portfolio administration capabilities will ship a best-in-class providing for our purchasers.”   
J.P. Morgan’s subadvisory enterprise oversees $75 billion in belongings below administration throughout variable annuity and mutual fund merchandise and is a high 5 variable annuity subadvisor in the business. 
“This partnership underscores our full give attention to subadvisory relationships, the funding methods that underpin them and supporting our purchasers’ personal development methods,” stated Eric Wilson, Head of Subadvisory for J.P. Morgan Asset Management. “We have a big subadvisory relationship with Lincoln Financial and look ahead to deepening this partnership and most significantly, delivering funding returns.” 
The transaction is predicted to happen in May 2023.
1 J.P. Morgan Investment Management Inc.  at the moment serves as the funding adviser to the JPM VITs
About Lincoln Financial Group
Lincoln Financial Group offers recommendation and options that assist folks take cost of their monetary lives with confidence and optimism. Today, roughly 16 million clients belief our retirement, insurance coverage and wealth safety experience to assist handle their life-style, financial savings and revenue objectives, and guard towards long-term care bills. Headquartered in Radnor, Pennsylvania, Lincoln Financial Group is the advertising and marketing title for Lincoln National Corporation (NYSE:LNC) and its associates. The firm had $270 billion in end-of-period account values as of September 30, 2022. Lincoln Financial Group is a dedicated company citizen included on main sustainability indices together with the Dow Jones Sustainability Index North America and FTSE4Good and ranks amongst Newsweek’s Most Responsible Companies. Dedicated to range, fairness and inclusion, we’re included on transparency benchmarking instruments akin to the Corporate Equality Index, the Disability Equality Index and the Bloomberg Gender-Equality Index. Committed to offering our staff with versatile work preparations, we had been named to FlexJobs’ checklist of the Top 100 Companies to Watch for Remote Jobs in 2022. With a protracted and wealthy legacy of performing ethically, telling the fact and talking up for what is correct, Lincoln was acknowledged as one in every of Ethisphere’s 2022 World’s Most Ethical Companies®. We create alternatives for early profession expertise via our intern growth program, which ranks amongst WayUp and Yello’s annual checklist of Top 100 Internship Programs. Learn extra at: www.LincolnFinancial.com. Follow us on Facebook, Twitter, LinkedIn, and Instagram. Sign up for e-mail alerts at http://newsroom.lfg.com.
About J.P. Morgan Asset Management
J.P. Morgan Asset Management, with belongings below administration of $2.3 trillion (as of Sept 30, 2022), is a world chief in funding administration. J.P. Morgan Asset Management’s purchasers embrace establishments, retail buyers and excessive web price people in each main market all through the world. J.P. Morgan Asset Management provides international funding administration in equities, fastened revenue, actual property, hedge funds, non-public fairness and liquidity. For extra info: www.jpmorganassetmanagement.com.
J.P. Morgan Asset Management is the advertising and marketing title for J.P. Morgan Investment Management Inc. (“JPMIM”), the asset administration companies of JPMorgan Chase & Co. (NYSE: JPM) and its associates worldwide.
SOURCE J.P. Morgan Asset Management


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