JPMorgan Active US Core UCITS ETF (JUSE), JPMorgan Active US Value UCITS ETF (JAVA) and JPMorgan Active US Growth UCITS ETF (JGRO) have listed on the London Stock Exchange, Borsa Italiana and Deutsche Börse Xetra today (25 January).
JUSE is benchmarked against the S&P 500 and is managed by David Small and Danielle Hines, offering a “best ideas” portfolio, which seeks to focus on the best ideas of analysts over a long-term horizon. The vehicle will have between 80-90 holdings at launch and a total expense ratio of 0.39%.
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Benchmarked against the Russell 1000 Value Index, JAVA uses the JPMAM US value strategy, which focuses on “high quality” names which are “attractively” valued. Meanwhile, the JPMAM large cap value strategy focuses on valuation of “underappreciated” companies.
The fund, which is managed by Clare Hart, Andrew Brandon, David Silberman and Scott Blasdell, has between 130-200 holdings and a TER of 0.49%.
Managed by Giri Devulapally, Felise Agranoff and Tim Parton, JGRO seeks to identify “underappreciated” growth opportunities and companies that have good momentum. The ETF combines the firm’s large cap growth and growth advantage strategies and offers 100-140 holdings at launch for a TER of 0.49%.
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Travis Spence, head of ETF distribution in EMEA, said: “We are 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.”
