Fusion funds, Having trouble understanding

[Fallenour]

From what I can tell, its simply just a pool of funds, which are just a pool of hand picked stocks and/or bonds. Am I missing something here? What am I looking at?

A friend of mine is investing in them, and Im trying to figure out what Im looking at.

[Louisville]

JP Morgan Fusion Funds are, as you say, just a set of mutual funds with varying asset allocations, designed for various risk tolerances. And they're a spectacular rip off. Check out the fees (on the last page):
http://www.fundslibrary.co.uk/fundslibrary.dataretrieval/documents.aspx?id=a1e1028a-5b4b-4e87-aaf5-b6a1416d1fc1&user=jpmam&type=fund_unit_kiid
Tell your friend he can get the same thing from Vanguard for a fraction of the cost.