J.P. Morgan Asset Management (JPMAM) has launched three active large-cap US equity ETFs listed on the London Stock Exchange, Borsa Italiana and Deutsche Börse Xetra.
The JPMorgan Active US Core Ucits ETF is benchmarked against the S&P 500 Index, presenting investors with a best-ideas portfolio of large-cap US stocks. Portfolio managers David Small and Danielle Hines, supported by over twenty US equity analysts, aim to outperform the benchmark by constructing a portfolio focused on their top ideas over an extended horizon. With 80-90 holdings at launch, it boasts a total expense ratio (TER) of 39 basis points.
The JPMorgan Active US Value Ucits ETF is benchmarked against the Russell 1000 Value Index, combining two established portfolio management strategies: US Value and Large Cap Value. Managed by Clare Hart, Andrew Brandon, David Silberman and Scott Blasdell, this fund aims to provide a balanced large-cap value solution, identifying companies at the intersection of quality and value. At launch, it will hold between 130-200 holdings with a TER of 49 basis points.
The JPMorgan Active US Growth Ucits ETF, benchmarked against the Russell 1000 Growth Index, targets underappreciated growth opportunities and momentum-driven companies. Combining Large Cap Growth and Growth Advantage strategies, managed by Giri Devulapally, Felise Agranoff and Tim Parton, it delivers a diversified portfolio of US growth stocks, with 100-140 holdings at launch and a TER of 49 basis points.
Travis Spence, head of ETF distribution in Emea, JPMAM, said the three active large cap US equity ETFs offer “a next step for those investors looking for core building block solutions which seek higher alpha.”
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