JP Morgan Asset Management (JPMAM) has launched three additional ETFs, adding to its fast growing European offering.
The following ETFs have today listed on the Six Swiss Exchange:
– JPMorgan ETFs (Ireland) ICAV – EUR Ultra Short Income Ucits ETF
– JPMorgan ETFs (Ireland) ICAV – Equity Long‐Short Ucits ETF
– JPMorgan ETFs (Ireland) ICAV – BetaBuilders US Treasury Bond 1‐3 yr Ucits ETF
Having previously launched JPM USD Ultra Short Income Ucits ETF, JPMAM is now introducing a Euro version. 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. Both strategies are run by JPMAM’s Global Liquidity’s Managed Reserves team.
Both strategies will take a conservative approach in order to mitigate volatility and limit duration exposure, by leveraging JP 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.