JP Morgan rolls out three ‘BetaBuilders’ US Treasury ETFs

Apr 25th, 2023 | By | Category: Fixed Income

JP Morgan Asset Management has launched three new fixed income ETFs in the US as part of its ‘BetaBuilders’ product suite – low-cost, passively managed ETFs marketed as portfolio building blocks.

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

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

The three funds all invest in fixed-rate US Treasuries while targeting bonds at different segments of the yield curve – bonds with remaining maturities of 1-3 years, 3-10 years, or more than 20 years.

Listed on Cboe BZX Exchange, they are the JPMorgan BetaBuilders US Treasury Bond 1-3 Year ETF (BBSB US), JPMorgan BetaBuilders US Treasury Bond 3-10 Year ETF (BBIB US), and JPMorgan BetaBuilders US Treasury Bond 20+ Year ETF (BBLB US).

Each ETF tracks an index from ICE Data Indices and comes with an expense ratio of just 0.07%.

The new funds follow the February 2023 listings of three other fixed income BetaBuilders ETFs providing USD aggregate, investment-grade corporate, and high yield corporate bond exposures. Collectively, the three ETFs house around $2bn in assets under management and come with expense ratios ranging between 0.03% and 0.15%.

Bryon Lake, Global Head of ETF Solutions, JP Morgan Asset Management, said: “With our BetaBuilders suite we work to pass along the scale and efficiencies of our global platform which can deliver these exposures at attractive price points.”

Tags: , , , , ,

Leave a Comment