Saturday, November 19, 2022

Jp Morgan Government Money Market Fund

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Jpmorgan Chase Announces Initiatives To Support Minority

JPMorgan Chase Joins U.K. Consumer Market

Launches new Empower money market share class anchored by Google, for distribution by MDIs and diverse-led CDFIs and features annual donations from JPMorgan Chase to support community development.

Dedicates $40 million in direct equity investments and commitments to leading MDIs, while expanding mentoring and training support.

Establishes a Racial Equity Program to support diverse community commercial projects.

NEW YORK, February 23, 2021JPMorgan Chase today announced initiatives to further support Minority Depository Institutions and diverse-led Community Development Financial Institutions , as part of the firms recently announced $30 billion commitment to advancing racial equity.

MDIs and CDFIs provide vital financial services in communities that are often underserved. In order to provide this necessary funding to underrepresented communities, many MDIs and CDFIs need additional capital themselves.

These new initiatives are focused on strengthening minority-owned and diverse-led financial institutions by providing additional access to capital, connections to institutional investors, specialty support for Black-led commercial projects and mentorship and training opportunities.

To support MDIs and CDFIs, today the firm is announcing:

1. A New Money Market Share Class for Distribution by MDIs and Diverse-Led CDFIs

The Empowering Change program includes:

2. $40 Million in Direct Equity Investments and Commitments to Leading MDIs

Lasting Community Impact

Protecting Against Inflation: Part 2 The Labour Market Is Key

Part 2 – The labour market is key

24-01-2022

In the second of this inflation mini-series we take a closer look at what is going on in the developed worlds labour markets. The supply chain problems discussed in part 1 may linger for some months but whether this turns into a lasting inflation problem depends on the jobs market. If workers are able to bargain for higher wages in the face of rising living costs then this has the potential to feed a wage-price spiral and medium-term inflationary pressure.

Such bargaining power was notably absent in the last cycle. For several years after the financial crisis, as unemployment declined, wage growth remained lackluster. It appeared that the inverse relationship between unemployment and wage growth was broken. It took a long-time and near record low levels of unemployment before wages started to pick up.

Whats so remarkable about the recent recovery in the labour market from the deep pandemic induced recession is the sheer speed at which we have returned to the point where workers again have bargaining power. From its peak of 10%, US unemployment took 8 years to fall to current levels after the financial crisis. From its pandemic peak of nearly 15%, US unemployment has recovered to 3.9% in less than 2 years.

Exhibit 1: US unemployed and job openingsMillions of people

The key point is that even if the participation rate does rise, the number of available workers is likely to remain low relative to the number of job vacancies.

Jp Morgan Using Blockchain Network To Automate Money Market Fund Payments

Last week fund management network Calastone announced that JP Morgan Asset Management would use Calastones blockchain-based solution for automated money market fund settlement. Calastone, with more than 1,900 clients in the fund management sector, migrated its entire infrastructure onto blockchain a year ago. It positions its platform as a Distributed Market Infrastructure and essentially provides integration for the fund sector.

Now all parties share the same view of transactions, whether an administrator, asset manager, broker / intermediary or retail investor. Before the migration to distributed ledger technology , communications between parties always involved messaging using SWIFT and other formats.

In 2018 Calastone launched its money market services. It automates the connection of corporate or bank treasury management systems that have cash to invest, linking them to money market funds. Any money market fund connected to the Calastone network automatically has a connection to any investors on the network.

Calastone already enables trade automation for JP Morgan funds globally. Now the asset manager will use new features, including automated payments, the first to sign up for the new service.

As of last year, the Calastone platform was based on Enterprise Ethereum, but with a desire to remain blockchain agnostic. The company is a member of Hyperledger and an investor in Digital Asset.

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Reasons To Invest In Prime

HTSXX

Attractive yield

Spreads between government and prime MMFs remain attractive by historical standards and yields on prime MMFs are compelling relative to other investments. During the last zero interest rate period, prime money market funds still offered meaningful yield above government and treasury funds.

Active liquidity management

We actively manage Weekly Liquid Assets well above the 30% regulatory threshold by implementing a robust liquidity buffer. We can utilize a number of tools to increase the buffer. We also employ a rigorous governance framework to manage client concentration risk.

Size matters

The J.P. Morgan Prime Money Market Fund is the largest prime MMF in the industry. Scale of this magnitude can enhance investor diversification, cash flow flexibility, and trading and execution efficiency.

Historical FNAV

Our focus on risk management and credit analysis plays a critical role in keeping FNAV fluctuations within a narrow band.

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Chase, JPMorgan, JPMorgan Chase, the JPMorgan Chase logo and the Octagon Symbol are trademarks of JPMorgan Chase Bank, N.A. JPMorgan Chase Bank, N.A. is a wholly-owned subsidiary of JPMorgan Chase & Co.

Investing involves market risk, including possible loss of principal, and there is no guarantee that investment objectives will be achieved.

J.P. Morgan Wealth Management is a business of JPMorgan Chase & Co., which offers investment products and services through J.P. Morgan Securities LLC , a registered broker-dealer and investment advisor, member FINRA and SIPC. Annuities are made available through Chase Insurance Agency, Inc. , a licensed insurance agency, doing business as Chase Insurance Agency Services, Inc. in Florida. Certain custody and other services are provided by JPMorgan Chase Bank, N.A. . JPMS, CIA and JPMCB are affiliated companies under the common control of JPMorgan Chase & Co. Products not available in all states.

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Bank deposit accounts, such as checking and savings, may be subject to approval. Deposit products and related services are offered by JPMorgan Chase Bank, N.A. Member FDIC.

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