JPMorgan is the latest financial services giant to turn exchange traded fund purveyor as the company prepares to launch two passive, so-called smart-beta ETFs.
According to two Securities and Exchange Commission filings, JPMorgan is finalizing the JPMorgan Diversified Return Global Equity ETF (NYSEArca: JPGE) and the JPMorgan Diversified Return International Ex-North America Equity ETF (NYSEArca: JPIN).
The Diversified Return Global Equity ETF will try to reflect the performance of the FTSE Developed Diversified Factor Index, which will hold equity securities from developed global markets selected on a diversified set of factor characteristics. JPIN has a 0.38% expense ratio.
The Diversified Return International Ex-North America Equity ETF will try to reflect the performance of the FTSE Developed ex North America Diversified Factor Index, which include large- and mid-cap equity stocks from developed markets outside North America, or the U.S. and Canada. JPIN has a 0.43% expense ratio.