Nutmeg and JP Morgan Asset Management (JPMAM) have teamed up to offer a range of ETF-based portfolios exclusively for the robo-adviser’s clients.

JPMAM and Nutmeg’s five risk-rated ‘Smart Alpha’ portfolios will contain a range of ETFs – both passive and actively managed. They will be run by JPM’s multi-asset solutions team.

The portfolios will use a long-term strategic asset allocation approach, along with tactical adjustments to capitalise on shorter-term opportunities and different stages of the market cycle.

Alongside passive ETFs, the Smart Al...