JP Morgan Asset Management has introduced three actively managed US equity ETFs in Europe providing balanced and style-oriented exposure to large-cap stocks.
Travis Spence, Head of EMEA ETF Distribution at JP Morgan Asset Management.
Listed on London Stock Exchange in US dollars and pound sterling, as well as on Deutsche Börse Xetra and Borsa Italiana in euros, the funds are the JPMorgan Active US Core UCITS ETF (JUSE), JPMorgan Active US Value UCITS ETF (JAVA), and JPMorgan Active US Growth UCITS ETF (JGRO).
Travis Spence, Head of ETF Distribution in EMEA at JP Morgan Asset Management, commented: “We’re pleased to be expanding our platform with a suite of fully transparent, active large-cap US equity ETFs that offer investors access to some our best portfolio managers, with proven track records, through the ETF wrapper.
“JUSE, JAVA, and JGRO offer an exciting next step, for those investors looking for core building block solutions which seek higher alpha.”
Investment approach
Benchmarked against the S&P 500 Index, JUSE provides exposure to a selection of JP Morgan’s highest-conviction ideas across the US large-cap equity universe. Led by portfolio managers David Small and Danielle Hines, alongside a dedicated team of over twenty US equity career analysts, the portfolio typically consists of between 80 to 90 stocks that are determined to be cheaply priced relative to their long-term value. The fund comes with an expense ratio of 0.39%.
Benchmarked against the Russell 1000 Value Index, JAVA equally combines two of JP Morgan’s bottom-up, fundamental portfolio management strategies: US Value, which focuses on attractively valued high-quality companies; and Large Cap Value, which seeks to identify undervalued, underappreciated companies. The intended result is a well-balanced ETF solution, comprising between 130 and 200 individual constituents, that sits at the intersection of quality and value. The fund is overseen by portfolio managers Clare Hart, Andrew Brandon, David Silberman, and Scott Blasdell. Its expense ratio is 0.49%.
Benchmarked against the Russell 1000 Growth Index, JGRO also equally combines two of JP Morgan’s time-tested active US equity strategies – Large Cap Growth and Growth Advantage – which collectively aim to produce a portfolio of underappreciated growth opportunities and companies that possess strong momentum. While primarily anchored in large-cap stocks, the fund maintains the flexibility to invest in growth-oriented companies from other segments of the market capitalization spectrum. The fund, which also has an expense ratio of 0.49%, is managed by portfolio managers Giri Devulapally, Felise Agranoff, and Tim Parton.