JPMAM launches two ETFs on Cboe
J.P. Morgan Asset Management (JPMAM) will launch two active ETFs focused on fixed income and emerging markets on the Cboe Australia exchange.
The JPMorgan Income Active ETF has been launched this week and the JPMorgan Emerging Markets Research Enhanced Index Equity Active ETF will be “launched shortly”.
The first ETF is a fixed income active ETF that aims to deliver yield and generate consistent income with lower volatility, JPMAM’s first fixed income ETF in the Australian market.
The second uses JPMAM’s Research Enhanced Index (REI) strategy to seek positive alpha at low tracking error, staying sector, style and region neutral.
These listings bring the total number of JPMAM’s active ETFs to nine in the last 12 months and the firm is seeking to be the leading global active asset manager in Australia, it said.
Mark Carlile, head of wholesale for Australia and New Zealand at JPMAM, said: “We are excited to list our first active fixed income ETF. The search for consistent and stable income continues to resonate with our clients, especially in the current interest rate environment when making active decisions with full flexibility is critical.
“This strategy has the flexibility to make tactical allocations, adjusting the portfolio to manage duration and risk. As a fully flexible global fixed income solution, this strategy looks for opportunities to upgrade credit quality, increase liquidity and capture yield, whilst managing duration across different fixed income sectors.”
With regards to the EM ETF, he added: “When we look at the big picture, the economic and demographic growth story within EM is still very compelling and an important inclusion in a well-diversified investment portfolio – particularly for those focused on the longer-term fundamentals and looking to capture the growth opportunities.”
Carlile was appointed in May as the firm sought to strengthen its presence in Australia, reporting to JPMAM chief executive for Australia and New Zealand, Andrew Creber. Previously, he worked as head of strategic relationships.
Also in May of this year, the firm launched three ETFs on the ASX: JPMorgan Equity Premium Income Active ETF (Managed Fund) (Hedged), JPMorgan US 100Q Equity Premium Income Active ETF (Managed Fund), and JPMorgan US 100Q Equity Premium Income Active ETF (Managed Fund) (Hedged).
AUTHOR
Laura Dew
Recommended for you
Tribeca Investment Partners has made a distribution hire from Australian Ethical in a newly-created role focused on the national intermediary market.
Asset managers may be urged to diversify their product ranges, but investment executives have warned any M&A deal should avoid simply filling gaps and instead consider long-term value creation.
Specialist wealth platform provider Mason Stevens has become the latest target of an acquisition as it enters a binding agreement with a leading Sydney-based private equity firm.
Fund managers are entering 2025 with the most bullish sentiment since August 2021 and record high allocations to US equities, thanks to the incoming Trump administration.
