JP Morgan launches actively managed US growth ETF

Aug 12th, 2022 | By | Category: Equities

JP Morgan Asset Management has launched a new actively managed ETF targeting US growth companies with favourable valuations.

Bryon Lake, Head of Americas ETF Client at JP Morgan Asset Management

Bryon Lake, Global Head of ETF Solutions at JP Morgan Asset Management.

The JPMorgan Active Growth ETF (JGRO US) has been listed on NYSE Arca with an expense ratio of 0.44%.

The fund has come to market with $25 million in initial assets.

The ETF is led by Managing Directors Giri Devulapally, Timothy Parton, and Felise Agranoff who collectively bring decades of portfolio management experience across various market cycles. The portfolio managers are supported by JP Morgan’s team of dedicated growth research analysts who average 16 years of experience and collectively oversee more than $93 billion in assets.

Leveraging the breadth and depth of the entire JP Morgan Growth Platform, the ETF combines two flagship strategies – the JPMorgan Large Cap Growth, a style pure approach utilizing price momentum, and the JPMorgan Growth Advantage which is anchored in large-cap but maintains the flexibility to invest down cap.

According to JP Morgan, blending these two fundamental approaches with unique characteristics results in one ETF solution that covers diverse opportunities across the growth landscape.

Bryon Lake, Global Head of ETF Solutions at JP Morgan Asset Management, said: “As investors look to navigate today’s unique market environment, JGRO provides access to opportunities across JP Morgan’s Growth Platform, combined with the benefits of the active ETF structure.

“We are excited to add JGRO to our range of active capabilities, uniting two of the industry’s most experienced growth management teams to deliver a solution aimed at providing long-term capital appreciation while delivering risk-adjusted returns.”

The ETF comes with an expense ratio of 0.44%.

The launch follows the October 2021 introduction of the JPMorgan Active Value ETF (JAVA US) which invests in large-cap US companies that are considered to be attractively valued given their growth potential over a long-term time horizon. JAVA currently houses $50m in assets and also has an expense ratio of 0.44%.

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