JP Morgan expands ETF offering on SIX Swiss Exchange

Jul 16th, 2018 | By | Category: Equities

JP Morgan Asset Management has added to its presence in Switzerland with the cross-listing of a further three ETFs on SIX Swiss Exchange. The new listings take the number of JP Morgan ETFs on the Zurich exchange to seven.

JP Morgan Asset Management has cross-listed three ETFs onto SIX Swiss Exchange

SIX Swiss Exchange, Zurich.

The listings comprise two short-term bond strategies (one passive, one active) and an active long-short equity hedge fund-style product.

They are the JP Morgan BetaBuilders US Treasury Bond 1-3 yr UCITS ETF (JU13 SW), the JP Morgan EUR Ultra-Short Income UCITS ETF (JEST SW) and the JP Morgan Equity Long-Short UCITS ETF (JELS SW).

The ETFs first debuted on the London Stock Exchange, Deutsche Börse and Borsa Italiana exchanges.

JU13 is passively managed and tracks the JP Morgan Government Bond Index United States 1-­3 Years. It aims to provide exposure to the performance of US dollar-denominated fixed rate government bonds issued by the US Treasury with a maturity of between one and three years. It has a total expense ratio (TER) of 0.10%.

JEST is actively managed and aims to provide current income while seeking to maintain a low volatility of principal. It invests in ultra-short paper and can provide an incremental return over AAA-rated liquidity funds. Its TER is 0.18%.

JELS is also active and follows a quantitative, bottom-up strategy deigned to provide long-term total return through a portfolio of long and short equity positions. It aims to achieve alpha through exposure to factors like value, quality, and momentum within developed global equity. Its TER is 0.67%.

Speaking at the inaugural launch of JP Morgan ETFs on SIX Swiss Exchange, Bryon Lake, the asset manager’s head of international ETFs, said, “In developing our ETF business, we are seeking to make JP Morgan Asset Management’s acknowledged, long-established expertise available in the ETF domain. When talking to investors, we found that there was demand for active, smart fixed-income solutions, as well as for strategies with low correlation to the broader market that can help equip portfolios to cope with rising volatility.”

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