J.P. Morgan Asset Management launched two new actively managed fixed-income ETFs on the New York Stock Exchange on Friday.
The JPMorgan U.S. Aggregate Bond ETF (JAGG) and the JPMorgan Corporate Bond Research Enhanced ETF (JIGB) both aim to help investors improve returns and better manage risks within their fixed income portfolios.
“Historically, fixed-income ETF investors have had limited options beyond traditional indexing,” said Joanna Gallegos, U.S. head of ETFs at J.P. Morgan Asset Management. “With the launch of these two ETFs, investors now have more choice and the tools necessary to navigate the complexities of today’s bond markets, while building stronger portfolios.”
JAGG seeks to provide long term total return by employing a multi-factor screening process providing exposure to corporate debt issuers with attractive value, quality and momentum characteristics. Outside of corporate debt, the ETF will seek to align sector and duration exposures to the Bloomberg Barclays U.S. Aggregate Bond Index. JAGG has a total expense ratio of 7 bps (0.07%) after fee waivers and expenses.