JPMorgan Asset Management is planning to expand its investment trust offerings to include real assets as soon as September, according to media outlets.
JPMorgan will look to raise £100 million ($121 million) from investors from its new real estate and infrastructure investment trust, JPMorgan Global Core Real Assets, set to launch on Sept. 23.
According to Morning Star U.K., the portfolio will invest in renewable, residential and industrial assets, along with transportation, retail, and logistics, with an exposure to 500 underlying assets in total. It will only invest 5 percent of its portfolio in the United Kingdom.
“Investors already have access to U.K. assets and we don’t want to overlap with that,” said Simon Crinage, head of investment trusts at JPMorgan Asset Management, “we want to be complementary to what already exists,” he says. Instead, around 50 percent of the portfolio will be in the U.S. and a third in Asia Pacific once it is fully invested, which is expected to be within 12 months of its launch.
The move marks the first time JPMorgan will offer retail investors access to alternative assets.