J.P. Morgan Asset Management expanded on its lineup of low-cost, plain-vanilla market cap-weighted exchange traded funds under its BetaBuilders suite with two more options to help investors gain exposure to Asia Pacific and Canada markets.
The suite of so-called BetaBuilders are intended to help investors gain simple and easy access to broad equity markets, including many foreign country stocks.
Beta, A Measure of Volatility
Beta is a measure of the volatility of a security or a portfolio relative to a market benchmark. The term ‘BetaBuilders’ in the Fund’s name conveys the intended outcome of providing investors with passive exposure and return that generally correspond to a market cap weighted benchmark. The Fund, along with other JPMorgan BetaBuilders Funds, can be used to help an investor build a portfolio of passive exposure to various markets,” according to J.P. Morgan.
The JPMorgan BetaBuilders Developed Asia-ex Japan ETF will try to reflect the performance of the Morningstar Developed Asia Pacific ex-Japan Target Market Exposure Index, which is comprised of equity securities from developed Asia-Pacific countries or regions other than Japan, including Australia, Hong Kong New Zealand and Singapore, according to the fund’s prospectus.
Top holdings include AIA Group 6.0%, Commonwealth Bank of Australia 5.5%, BHP Billiton 4.6%, Westpac Banking 4.3% and CSL Ltd 3.9%.
Sector weights include Consumer Discretionary 5.8%, Consumer Staples 6.2%, Energy 3.1%, Financials 37.3%, Health Care 5.8%, Industrials 8.7%, Information Technology 0.8%, Materials 10.9%, Other 0.4%, Real Estate 13.1%, Telecommunication Services 2.3% and Utilities 4.9%.