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JPMorgan expands active ETF range

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By Jessica Penny
  •  
3 minute read

Three new listings have made their debut on the Australian Securities Exchange.

JPMorgan Asset Management on Thursday announced the launch of three more listed active ETFs on the ASX.

Specifically, the JPMorgan Equity Premium Income Active ETF (Managed Fund) (Hedged) (JHPI), JPMorgan US 100Q Equity Premium Income Active ETF (Managed Fund) (JPEQ), and JPMorgan US 100Q Equity Premium Income Active ETF (Managed Fund) (Hedged) (JPHQ) will be managed by industry veterans Hamilton Reiner and Raffaele Zingone.

In a statement, the firm said the latest listings reinforce its success as an active manager and the breadth and depth of its global products.

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Speaking on the recent launch, Australia and New Zealand head of wholesale, Mark Carlile, said JPMorgan intends to bring more options and flexibility to Australian investors following the successful launch of JPMorgan Equity Premium Income (JEPI) — currently the world’s largest actively managed ETF with assets under management of $38.3 billion.

“JHPI is a hedged share class of JEPI, operating in the same manner and same investment strategy, but uses hedging to minimise exchange rate fluctuations,” Mr Carlile explained.

“As investors navigate the high rates and inflationary environment, this solution seeks to provide incremental income, through monthly distributions, with lower volatility than the US stock market and the added benefit of dampening the effect of exchange rate fluctuations.”

As per the firm’s statement, JPEQ and JPHQ were built for investors who seek consistent income while having a preference for large cap growth and in particular, technology companies in Nasdaq’s marketplace.

“With the listing of these three active ETFs, we are now able to offer a broad range of active ETFs to suit different client needs and demands,” Mr Carlile concluded.

Andrew Creber, Australia and New Zealand chief executive, added: “From launching our first four active ETFs late last year we have seen good momentum building, reinforced recently with the strong consultant ratings.

“We are committed to continuing to invest in our business and grow our range of active ETF offerings, across different asset classes and investment themes, ensuring we meet the needs of our investors by bringing the best of our active global capacities to Australia.”

A pipeline of active ETF launches was first announced by the firm in November 2022, with JEPI being one of the first introduced to Australian investors.

At the time of the announcement, Mr Creber said this would be “just the beginning” of JPMorgan’s continued growth of its market share.

JPMorgan expands active ETF range

Three new listings have made their debut on the Australian Securities Exchange.

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