JP Morgan Asset Management has officially launched the JPM Fusion Fund range, consisting of five whole-of-market fund-of-funds available via the firm's usual distribution partners and retail platforms for intermediaries.

The five FoFs are actively managed and positioned at the following points on the risk spectrum: income; conservative; balanced; growth; and growth plus.

They are managed by a team currently led by Jonathan Shelon and comprising members of JP Morgan Investment Management and JP Morgan Private Bank. The firm said that Tony Lanning will be joining as lead fund manager in May.

The fund range carries an annual management charge of 0.75 per cent for the clean share class.

"The transitional shift in the market post-Retail Distribution Review has seen the importance of outsourced investment solutions grow significantly. Indeed, over the last five years the fund-of-funds sector has seen a remarkable growth in funds under management," said Jamie Farquhar, head of sales at JP Morgan Adviser Solutions, a new investment outsourcing solution for UK advisors.

The recently-launched JP Morgan Adviser Solutions offering is designed to support the management requirements, and investment and client servicing needs of UK advisors. This includes record-keeping and regulatory requirements, as well as assistance with investment research and selection.