Fund seeks to deliver JPM active management
expertise and risk controls through ETF structure
NEW
YORK, May 17, 2024 /PRNewswire/ -- J.P. Morgan
Asset Management today announced the launch of a new actively
managed ETF, JPMorgan Active Developing Markets Equity ETF
(JADE), on the NYSE Arca. The fund will invest in emerging
markets equity securities.
JPMorgan Active Developing Markets Equity ETF (JADE) uses
a fundamental, bottom-up approach to seek to provide investors with
opportunities in both growth and value stocks. JADE seeks to
provide long-term capital appreciation and utilizes a rigorous
research process to select stocks that it believes are or will be
profitable with sustainable earnings and disciplined capital
management.
"We believe emerging market valuations are attractive after
years of underperformance," said Paul Quinsee, CIO and Global
Head of Equities at J.P. Morgan Asset Management. "Many
investors are structurally underweight in emerging markets and risk
the potential of missing a recovery. JADE is an actively
managed core strategy that seeks to provide the diversified
exposure investors are looking for."
JADE seeks to provide value primarily through security
selection decisions, and will be benchmarked to the MSCI Emerging
Markets Index. The MSCI Emerging Markets Index captures large and
mid-cap representation across emerging markets countries.
JADE leverages the expertise of portfolio managers
Leon Eidelman and Omar Negyal, who
have over 50 years of combined experience. They are both managing
directors with J.P. Morgan Asset Management's Emerging Markets and
Asia Pacific (EMAP) Equities team
based in New York.
The fund is priced at 65 basis points.
J.P. Morgan Asset Management ranks as a top ten ETF issuer in
the U.S. with respect to AUM1, and has nearly 100ETF
vehicles globally.
About J.P. Morgan Asset Management
J.P. Morgan Asset Management, with assets under management of
$3.2 trillion (as of 3/31/2024), 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. For more information:
www.jpmorganassetmanagement.com. J.P. Morgan Asset Management is
the marketing name for the asset management businesses of JPMorgan
Chase & Co., and its affiliates worldwide.
JPMorgan Chase & Co. (NYSE: JPM) is a leading financial
services firm based in the United States
of America ("U.S."), with operations worldwide. JPMorgan
Chase had $4.1 trillion in assets and
$337 billion in stockholders' equity
as of March 31, 2024. The Firm is a
leader in investment banking, financial services for consumers and
small businesses, commercial banking, financial transaction
processing and asset management. Under the J.P. Morgan and Chase
brands, the Firm serves millions of customers in the U.S., and many
of the world's most prominent corporate, institutional and
government clients globally. Information about JPMorgan Chase &
Co. is available at www.jpmorganchase.com.
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.
J.P. Morgan Distribution Services, Inc., member FINRA
NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE
1 Data according to Bloomberg as of May 7, 2024
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SOURCE J.P. Morgan Asset Management