The new single-factor, smart beta ETFs will track a customized indices based off the Russell 1000 Index and hold 200 to 400 components rebalanced on a quarerly basis.
J.P. Morgan launched “five new single factor ETFs to continue to provide the marketplace with choice, leveraging an already successful quantitative beta strategies team… leveraging what we’ve been able to do within multi-factor equity and moving that into single factor,” Delsignore said.
The single-factor ETF options join J.P. Morgan’s Diversified Return Equity suite, which include the JPMorgan Diversified Return Emerging Markets Equity ETF (NYSEArca: JPEM), JPMorgan Diversified Return Global Equity ETF (NYSEArca: JPGE), JPMorgan Diversified Return US Equity ETF (NYSEArca: JPUS), JPMorgan Diversified Return Europe Equity ETF (NYSEArca: JPEU), JPMorgan Diversified Return Europe Currency Hedged Equity ETF (NYSEArca: JPEH), JPMorgan Diversified Return International Equity ETF (NYSEArca: JPIN) and JPMorgan Diversified Return International Currency Hedged Equity (NYSEArca: JPIH).
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