J.P. Morgan Asset Management has launched an India Research Enhanced Index Equity Active UCITS ETF on the London Stock Exchange, Börse Xetra, Borsa Italiana and SIX Swiss Exchange today.
The fund (ticker: JRIN) will seek to achieve a long-term return in excess of the MSCI India 10/40 Index by actively investing primarily in a portfolio of Indian companies.
The new ETF brings the firm’s number of REI ETFs to 14, with $28bn in AUM across the range.
Managed by Lina Nassar and Sonal Tanna, the ETF will leverage JPMAM’s 30-year time-tested REI active investment process to select companies that outperform over time, through an active, bottom-up stock selection process, by overweighting securities with the highest potential to outperform and underweighting those considered most overvalued.
The investment team will have access to the insights of over 50 emerging markets research analysts, covering over 1,000 securities globally. JRIN will have a TER of 40 basis points.
Travis Spence, Global Head of ETFs at J.P. Morgan Asset Management, said: “The launch of JRIN underscores our commitment to providing investors with access to core building block solutions that leverage our fundamentally active research-enhanced investment process, including high-growth emerging markets like India.
“This approach allows us to capitalise on the dynamic opportunities within India’s evolving economic landscape.”
