J.P. Morgan Asset Management (JPMAM) has launched three newly listed active exchange-traded funds (ETFs) on the ASX.
Managed by industry veterans Hamilton Reiner and Raffaele Zingon, the firm announced:
- JPMorgan Equity Premium Income Active ETF (Managed Fund) (Hedged);
- JPMorgan US 100Q Equity Premium Income Active ETF (Managed Fund); and
- JPMorgan US 100Q Equity Premium Income Active ETF (Managed Fund) (Hedged).
Following client interest generated by JP Morgan’s Equity Premium Income ETF, the world’s largest actively managed ETF with $38.3 billion in assets under management, the firm was committed to launching more options for Australian investors.
In particular, the JPMorgan Equity Premium Income Active ETF utilised hedging to minimise exchange rate fluctuations.
Mark Carlile, head of wholesale across Australia and New Zealand, said: “As investors navigate the high rates and inflationary environment, this solution seeks to provide incremental income through monthly distributions with lower volatility than the US stock market and the added benefit of dampening the effect of exchange rate fluctuations”.
The two US 100Q Equity Premium Income Active ETFs were designed for investors who sought consistent income with a preference for large-cap growth. This specifically included technology firms in Nasdaq’s marketplace.
“With the listing of these three active ETFs, we are now able to offer a broad range of active ETFs to suit different client needs and demands,” Carlile added.
According to Andrew Creber, JPMorgan’s chief executive of Australia and New Zealand, the new products reinforced JPMAM’s wide range of global products.
“From launching our first four active ETFs late last year, we have seen good momentum
building, reinforced recently with strong consultant ratings.
“We are committed to continuing to invest in our business and grow our range of active ETF offerings across different asset classes and investment themes, ensuring we meet the needs of our investors by bringing the best of our active global capabilities to Australia,” he said.
