JP Morgan Asset Management has further expanded its active ETF range with the launch of two new UCITS ETFs: the JPM Global Equity Active UCITS ETF (JGLE) and the JPM Global ex-US Research Enhanced Index Equity Active UCITS ETF (JXUS).
The former provides investors with access to a higher-active global equity ETF, taking more active risk versus the benchmark through a more concentrated, high-conviction portfolio. It seeks consistent alpha using quantitative signals and fundamental research and is “intentionally more concentrated,” with a higher tracking error.
The ETF is managed by Philippa Clough, Callum Abbott and Erna Ceka.
Meanwhile, JXUS provides experts with access to non-US equities, to help capitalise on shifting investor preferences and diversify portfolios beyond US exposures. It takes an index-like approach that incorporates stock-specific insights while aiming to retain volatility in line with the MSCI World ex USA index.
This strategy is led by head of global and international REI Piera Elisa Grassi and portfolio managers Winnie Cheung, Nicholas Farserotu and Sebastian Wiseman.
Travis Spence, global head of ETFs at JP Morgan Asset Management, said: “Investors are rethinking how they build global equity allocations, including how they diversify beyond US exposures and how they balance the pursuit of alpha with tighter risk control.
“The ETF wrapper adds flexibility through liquidity and transparency, and it can make implementation simpler for clients.”
See also: The active ETF explosion: Tools of the trade or tightening the screws for OEICs?
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