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
SOURCE J.P. Morgan Asset Management
