Polish fund management company Skarbiec TFI will create a new umbrella fund that will invest all of its assets into funds managed by JP Morgan Asset Management. JP Morgan has been looking for a Polish partner for 1.5 years. They plan to reach retail customers. The minimal payment amount will be set at zł.1000-2000 level.
It chose Skarbiec because of its large distribution network. The new fund requires approval from the Polish Financial Supervisory Authority. JP Morgan already operates 26 funds in Poland.
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