JP Morgan expands BetaBuilders suite with ultra-short US Treasury ETF

Jul 16th, 2019 | By | Category: Fixed Income

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JP Morgan Asset Management has launched a new fixed income ETF in Europe as part of its ‘BetaBuilders’ suite of low-cost, passively managed ETFs marketed as portfolio building blocks.

JP Morgan expands BetaBuilders suite with short-term US Treasury ETF

The launch brings the number of BetaBuilders fixed income ETFs in Europe to six.

The JPM BetaBuilders US Treasury Bond 0-1 yr UCITS ETF (BBIL) provides ultra-short-duration exposure to US government securities.

In line with other ETFs in the suite, the fund comes with an expense ratio of just 0.10%.

It is linked to the ICE 0-1 Year US Treasury Securities Index which consists of US dollar-denominated, fixed-rate bonds issued by the US Treasury. Zero-coupon and inflation-protected bonds are not eligible for selection.

The index targets securities right at the front end of the yield curve, selecting only bonds that have less than one year remaining to maturity.

The ETF is available to trade on London Stock Exchange, Borsa Italiana, Deutsche Boerse Xetra, and SIX Swiss Exchange.

The launch brings the number of BetaBuilders fixed income ETFs in Europe to six.

Two of the funds – the JPM BetaBuilders US Treasury Bond UCITS ETF (BBTR LN) and JPM BetaBuilders EUR Govt Bond UCITS ETF (BBEG LN) – provide broad maturity exposure to US Treasuries and euro-denominated bonds of eurozone governments.

The other three – the JPM BetaBuilders US Treasury Bond 1-3 yr UCITS ETF (JU13 LN), JPM BetaBuilders UK Gilts 1-5yr UCITS ETF (JG15 LN), and JPM BetaBuilders EUR Govt Bond 1-3 yrs UCITS ETF (JE13 LN) – target the short-duration end of the yield curve within the US Treasury, UK Gilt, and eurozone government bond markets respectively.

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