J.P. Morgan Asset Management (JPMAM), currently the industry’s largest active UCITS ETF provider by AUM, has today launched three active large cap US equity ETFs that leverage time-tested approaches with proven management teams:
- JPMorgan Active US Core UCITS ETF (ticker: JUSE)
- JPMorgan Active US Value UCITS ETF (ticker: JAVA)
- JPMorgan Active US Growth UCITS ETF (ticker: JGRO)
Benchmarked against the S&P 500 Index, JUSE offers investors a best ideas portfolio of large cap US stocks. Portfolio managers David Small and Danielle Hines, with access to a dedicated team of over twenty U.S. equity career analysts that are actively involved in the investment decision making process, believe stocks are frequently mispriced by the market relative to their true long-term value, so seek to construct a portfolio that consistently outperforms the benchmark by focusing on their best ideas over a longer time horizon. JUSE will have between 80-90 holdings at launch and a Total Expense Ratio (TER) of 39 basis points.
Benchmarked against the Russell 1000 Value Index, JAVA combines two of JPMAM’s time-tested portfolio management strategies: U.S. Value, which focuses on high quality names which are attractively valued, and Large Cap Value, which focuses predominantly on valuation of underappreciated companies. By combining (fifty-fifty) these complementary, bottom-up fundamental approaches, investors will get access to a well-balanced ETF solution in the large cap value category that seeks to identify companies that sit at the intersection of quality and value. Managed by Clare Hart, Andrew Brandon, David Silberman and Scott Blasdell, JAVA will have between 130-200 holdings at launch and a TER of 49 basis points.
Benchmarked against the Russell 1000 Growth Index, JGRO seeks to identify underappreciated growth opportunities and companies which possess good momentum. Like JAVA, JGRO will also combine two of JPMAM’s time-tested active US equity strategies – Large Cap Growth and Growth Advantage – which are blended (fifty-fifty) to deliver a diversified portfolio of U.S. growth stocks. While primarily anchored in large cap stocks, portfolio managers Giri Devulapally, Felise Agranoff and Tim Parton have the flexibility to invest in the best growth companies irrespective of their market capitalization. JGRO will have between 100-140 holdings at launch and a TER of 49 basis points.
Travis Spence, Head of ETF Distribution in EMEA, said: “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.”
JUSE, JAVA and JGRO listed on the London Stock Exchange, Borsa Italiana and Deutsche Börse Xetra today. You can read more about JPMAM’s ETF strategies, including their risk profiles, here. The value of investments may go down as well as up and investors may not get back the full amount invested. Past performance is not a reliable indicator of current and future results.
