JP Morgan Asset Management (JPMAM) has boosted its BetaBuilders ETF suite with the launch of the JPM BetaBuilders US Equity Ucits ETF.
The fund gives investors cost effective access to the US equity market. Accumulation and distribution share class versions of the ETF are now available on the London Stock Exchange, Deutsche Boerse Xetre, and Borsa Italiana.
An “experienced team with a long track record of managing market cap equity strategies will manage both versions of the fund”, JPMAM said.
Large and mid-cap US equity exposure are offered in the same vein as other “widely used market cap indices in the space.”
The ETF aims for investment results closely reflecting Morningstar’s US Target Market Exposure Index.
JPMAM’s head of international ETFs, Byron Lake, said the US equity “offers investors and asset allocators more efficient access to US equities in what is an increasingly noisy market place.”
“Our BetaBuilder ETF suite is designed to offer clients efficient access to market cap weighted building blocks that are simple, straightforward and priced for today’s market,” he said.
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