Funds seek to deliver JPM active management
expertise and risk controls through ETF technology
NEW
YORK, Nov. 2, 2023 /PRNewswire/ -- J.P. Morgan
Asset Management today announced the launch of two actively-managed
ETFs, JPMorgan U.S. Tech Leaders ETF (JTEK) and JPMorgan
Healthcare Leaders ETF (JDOC) on the Nasdaq Stock Market.
JPMorgan U.S. Tech Leaders ETF (JTEK) invests primarily
in equity securities issued by technology and technology-enabled
companies that develop or harness new technologies to reimagine
products, establish new markets or attain leadership in existing
markets. JTEK employs a flexible, all-cap approach to
investing and leverages the long tenured U.S. Technology Leaders
strategy. JTEK was listed on the Nasdaq Stock Exchange on
October 5, 2023.
The strategy is run by managing director Joseph Wilson and executive director Eric
Ghernati who also currently serve as co-portfolio managers of the
J.P. Morgan U.S. Technology Leaders Strategy.
JPMorgan Healthcare Leaders ETF (JDOC) seeks to provide
long-term capital appreciation by primarily investing in equity
securities issued by pharmaceutical, biotechnology, healthcare
services, healthcare technology, medical technology and life
sciences companies. Leveraging an existing healthcare strategy with
a strong performance track record, J.P. Morgan Asset Management has
created JDOC to provide a differentiated solution that can
be broadly accessed by our clients. JDOC was listed on the Nasdaq
Stock Exchange on November 2,
2023.
The strategy is led by a proven team of managing director
Matt Cohen, M.D., managing director
Holly Morris, and executive director
Dominic Valder, with over 10 years
of an established track record.
"Technology and healthcare play a vital role in investor
portfolios," said Bryon
Lake, Global Head of ETF Solutions at J.P. Morgan Asset
Management. "We're excited to offer our clients these
attractive new strategies that can help them achieve the right
balance of active security selection, while maintaining thoughtful
portfolio construction and risk management."
J.P. Morgan Asset Management ranks as a top ten ETF issuer in
the U.S. with respect to AUM, and number one year to date in net
active flows across active ETFs in the U.S.1
Both funds will be priced at 65 basis points.
About J.P. Morgan Asset Management
J.P. Morgan Asset Management, with assets under management
of $2.8 trillion (as of 6/30/2023), is a global leader in
investment management. J.P. Morgan Asset Management's clients
include institutions, retail investors and high net worth
individuals in every major market throughout the world. J.P. Morgan
Asset Management offers global investment management in equities,
fixed income, real estate, hedge funds, private equity and
liquidity. For more
information: www.jpmorganassetmanagement.com. J.P. Morgan
Asset Management is the marketing name for the asset management
businesses of JPMorgan Chase & Co., and its affiliates
worldwide.
JPMorgan Chase & Co. (NYSE: JPM) is a leading financial
services firm based in the United
States of America ("U.S."), with operations worldwide.
JPMorgan Chase had $3.9 trillion in assets and $313
billion in stockholders' equity as of June 30, 2023. The
Firm is a leader in investment banking, financial services for
consumers and small businesses, commercial banking, financial
transaction processing and asset management. Under the J.P. Morgan
and Chase brands, the Firm serves millions of customers in the
U.S., and many of the world's most prominent corporate,
institutional and government clients globally. Information about
JPMorgan Chase & Co. is available
at www.jpmorganchase.com.
Investors should carefully consider the investment
objectives and risks as well as charges and expenses of an ETF
before investing. The summary and full prospectuses contain this
and other information about the ETF and should be read carefully
before investing. To obtain a prospectus: Call
1-844-4JPM-ETF.
Risk Summary, JTEK: Investments that are concentrated in
a single industry, region, or issuer do not represent a complete
investment program and may lead to a higher degree of market
risk.
Risk Summary, JDOC: Companies in the healthcare sector
are subject to extensive government regulation and their
profitability can be significantly affected by restrictions on
government reimbursement for medical expenses, rising costs of
medical products and services, pricing pressure, limited product
lines and an increased emphasis on the delivery of healthcare
through outpatient services. Companies in the healthcare
sector are heavily dependent on obtaining and defending patents,
which may be time consuming and costly. The expiration of patents
may adversely affect the profitability of these companies.
Healthcare companies are also subject to extensive litigation based
on product liability and similar claims. In addition, their
products can become obsolete due to industry innovation and changes
in technologies. Developments affecting the healthcare sector and
industries within this sector may have a disproportionate impact on
this investment.
J.P. Morgan Distribution Services, Inc., member FINRA
NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE
1 Data according to Bloomberg as of October 24, 2023.
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SOURCE J.P. Morgan Asset Management