J.P. Morgan Asset Management, with assets under management of $2.8 trillion (as of 6/30/2023), is a global leader in investment management.
The new JP Morgan Tower in Hyderabad, Telangana, India. (Credit: Radhamadhab Sarangi/Wikipedia)
J.P. Morgan Asset Management today announced the launch of two actively-managed ETFs, JPMorgan Global Select Equity ETF (JGLO) and JPMorgan International Value ETF (JIVE) on The Nasdaq Stock Market LLC. These funds invest in equity securities and will benchmark to the MSCI World Index and MSCI ACWI ex USA Value Index, respectively.
JPMorgan Global Select Equity ETF (JGLO) seeks to deliver global equity market exposure by investing primarily in the securities of large cap market capitalization companies. The fund leverages an experienced equity management team comprising more than 50 years of combined experience and headed by industry veteran Helge Skibeli, CFA, based in London.
“Regardless of the market environment, investors demand an active strategy that seeks to capture attractive return opportunities without taking an undue risk,” said Helge Skibeli, CFA, CIO for the Research Driven Process for International Equities and Global Portfolio Manager at J.P. Morgan Asset Management. “JGLO provides an attractive solution designed to help investors realize their financial goals and round out their portfolios with conviction.”
JPMorgan International Value ETF (JIVE) seeks to provide long-term capital appreciation for investors by identifying securities that present attractive valuations in both developed and emerging markets. The fund is managed by an experienced J.P. Morgan team, Thomas Buckingham, CFA, and Harold Yu, CFA, acting as co-lead portfolio managers .
“The addition of both JGLO and JIVE supports the commitment to our growing active ETF suite by offering clients new tools to help them succeed in the current environment,” said Bryon Lake, Global Head of ETF Solutions at J.P. Morgan Asset Management.
J.P. Morgan Asset Management ranks as a top ten ETF issuer in the U.S. with respect to AUM, and number one year to date in net active flows across active ETFs in the U.S.
Source: Company Press Release