JP Morgan Asset Management (JPMAM) has launched four additional fixed income on London Stock Exchange (LSE) with additional listings on two European stock exchanges.
The following four fixed income ETFs have today listed on LSE:
-JPMorgan ETFs (Ireland) ICAV – GBP Ultra Short Income Ucits ETF (JGST)
-JPMorgan ETFs (Ireland) ICAV – EUR Ultra Short Income Ucits ETF (JEST)
-JPMorgan ETFs (Ireland) ICAV – BetaBuilders UK Gilts 1-5yr Ucits ETF (JG15)
-JPMorgan ETFs (Ireland) ICAV – BetaBuilders US Treasury Bond 1-3yr Ucits ETF (JU13)
(JEST) JPM EUR Ultra Short Income Ucits ETF and (JU13) JPM BetaBuilders US Treasury Bond 1-3yr Ucits ETF have listed on the Deutsche Boerse Xetra and Borsa Italiana. Both these ETFs will list on the SIX Swiss Exchange on 10 July 2018.
Having previously launched (JPST) JPM USD Ultra Short Income Ucits ETF, JPMAM is now making this available in more currencies. The strategies are run by JPMAM’s Global Liquidity’s Managed Reserves team.
Both (JGST) JPM GBP Ultra-Short Income Ucits ETF and (JEST) JPM EUR Ultra-Short Income Ucits ETF will seek to provide diversified exposure to very short maturity bonds and debt instruments across investment-grade corporate bonds and government debt.
The strategies will take a conservative approach in order to mitigate volatility and limit duration exposure, by leveraging J.P. Morgan’s Global Liquidity expertise to target portfolio duration of less than one year. The Ultra-Short Income ETFs will have a return target of 0.20-0.40% [net of fees] over Money Market funds and a total expense ratio (TER) of up to 22 basis points, waived to 18 basis points until 28 February 2021.
JPMAM is also building out its BetaBuilder range, consisting of ‘building block’ ETFs, which offer precise exposure to strategically important areas of the market. Having previously launched (JE13) JPM BetaBuilders Eur Govt Bond 1-3yr UCITS ETF, investors will now also be able to access UK Government Bonds and US Treasury Bond indices.
(JG15) JPM BetaBuilders UK Gilts Govt Bond 1-5yr Ucits ETF aims to track the JP Morgan Government Bond Index United Kingdom 1-5 Year and (JU13) JPM BetaBuilders US Treasury Bond 1-3yr Ucits ETF aims to track the JP Morgan Government Bond Index United States 1-3 Year.
The BetaBuilder ETFs will be managed by JPMAM’s Quantitative Beta Strategies (QBS) team and have a Total Expense Ratio of up to 10 basis points.