J.P. Morgan Asset Management expanded its line up with its first single-strategy liquid alternative beta ETF to help investors achieve lower beta exposure to global equities, build a liquid alts allocations complement a core hedge fund allocation or provide targeted exposure for a portfolio.
On Friday, J.P. Morgan launched the actively managed JPMorgan Event Driven ETF (NYSEArca: JPED), which has a 0.85% total expense ratio.
The event-driven investment theme tries to capture pricing inefficiencies that may occur before or after a corporate “event,” which includes earnings announcements, mergers, spinoffs or bankruptcies. JPED uses a rules-based, bottom up selection process to capture a range of these so-called event driven hedges.
The active ETF is managed by J.P. Morgan Investment Management team, including Managing Director Yazann Romahi, Executive Director Wei (Victor) Li, Vice President Jonathan Msika and Associate Joe Staines.