J.P. Morgan Asset Management has made its fund range available in the Fund Processing Passport (FPP) standard for use by distributors and investors, in line with recommendations by the European Fund and Asset Management Association (EFAMA).
The FPP is a short and harmonized document summarizing all the key operational information needed for fund transaction processing.
The decision to adopt the FPP standard for fund information was driven by the positive impact of standardization, transparency and efficiency, J.P. Morgan said in a statement. The firm says FPP will also improve the speed and accuracy with which it will be able to respond to enquiries relating to fund information.
J.P. Morgan Asset Management is committed to improving efficiencies in the market which then benefit our distributors and investors, says Jamie Broderick, head of Europe and Latin America at J.P. Morgan Asset Management and an EFAMA board member. The FPP standard is a solid step in that direction, and were pleased to support it.
J.P. Morgan will provide FPP data via KNEIPs fundpassport.com.