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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.

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.”