J.P. Morgan Asset Management Launches Two New Active Fixed-Income ETFs: JAGG and JIGB
--funds seek to deliver institutional grade active management with the efficiency, transparency and liquidity of an ETF--
NEW YORK, Dec. 14, 2018 /PRNewswire/ -- J.P. Morgan Asset Management today announced the launch of two new actively managed fixed-income ETFs, the JPMorgan U.S. Aggregate Bond ETF (JAGG) and the JPMorgan Corporate Bond Research Enhanced ETF (JIGB), both of which aim to help investors improve returns and better manage risks within their fixed income portfolios.
JAGG seeks to provide long term total return by employing a multi-factor screening process providing exposure to corporate debt issuers with attractive value, quality and momentum characteristics. Outside of corporate debt, the ETF will seek to align sector and duration exposures to the Bloomberg Barclays U.S. Aggregate Bond Index. JAGG has a total expense ratio of 7 bps (0.07%) after fee waivers and expenses.
JIGB is designed to generate total return on an investment grade portfolio while utilizing inputs from J.P Morgan's disciplined investment grade credit process to identity the most attractive risk-adjusted sectors and securities. The fund seeks to maintain the overall the risk profile of the Bloomberg Barclays U.S. Corporate Bond Index over time. JIGB has a total expense ratio of 14 bps (0.14%) after fee waivers and expenses.
Both funds harness the breadth of J.P. Morgan's intellectual capital and vast investment resources. JAGG is managed by the Quantitative Beta Strategies Fixed Income team, led by Eric Isenberg and Niels Schuehle. JIGB is managed by the Investment Grade Credit Portfolio Management team, led by Lisa Coleman.
"Historically, fixed-income ETF investors have had limited options beyond traditional indexing," said Joanna Gallegos, U.S. head of ETFs at J.P. Morgan Asset Management. "With the launch of these two ETFs, investors now have more choice and the tools necessary to navigate the complexities of today's bond markets, while building stronger portfolios."
With these launches, J.P. Morgan Asset Management's ETF suite now features 31 product offerings with over $15 billion in assets under management. J.P. Morgan was awarded "The industry's fastest-growing ETF manager1" "Best New Alternatives ETF" for its JPMorgan Managed Futures Strategy ETF (JPMF) product and earned "Best New International/Global Fixed-Income ETF" for its JPMorgan Global Bond opportunities (JPGB) product at the fifth annual ETF.com Awards held in March 2018.2
About J.P. Morgan Asset Management
J.P. Morgan Asset Management, with assets under management of $1.8 trillion (as of September 30, 2018), is a global leader in investment management. J.P. Morgan Asset Management's clients include institutions, retail investors and high net worth individuals in every major market throughout the world. J.P. Morgan Asset Management offers global investment management in equities, fixed income, real estate, hedge funds, private equity and liquidity. JPMorgan Chase & Co. (NYSE: JPM), the parent company of J.P. Morgan Asset Management, is a leading global asset management firm with assets of approximately $2.6 trillion (as of September 30, 2018) and operations worldwide. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
J.P. Morgan Asset Management is the marketing name for the asset management businesses of JPMorgan Chase & Co. and its affiliates worldwide.
Investors should carefully consider the investment objectives and risks as well as charges and expenses of an ETF before investing. The summary and full prospectuses contain this and other information about the ETF and should be read carefully before investing. To obtain a prospectus: Call 1-844-4JPM-ETF.
1 Ignites.com as of 11/28/18
2ETF.com Award winners are selected by a majority vote of the ETF.com Awards Selection Committee, a group of independent ETF experts. Voting was completed by Jan. 20, 2018, and results were announced at the ETF.com U.S. Awards Dinner on March 22, 2018.
J.P. Morgan Asset Management and JPMDS are not affiliated with ETF.com.
J.P. Morgan ETFs are distributed by JPMorgan Distribution Services, Inc., which is an affiliate of JPMorgan Chase & Co. Affiliates of JPMorgan Chase & Co. receive fees for providing various services to the funds. JPMorgan Distribution Services, Inc. is a member of FINRA/SIPC.
J.P. Morgan Asset Management is the marketing name for the asset management businesses of JPMorgan Chase & Co. and its affiliates worldwide
NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE
SOURCE J.P. Morgan Asset Management
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