JPMorgan Adds A Bond ETF To Its Asset Management Unit

JPMorgan Chase & Co.'s JPM J.P. Morgan Asset Management (JPAM) unit added to its lineup of exchange traded funds last week with its second fixed income ETF, the JPMorgan Global Bond Opportunities ETF JPGB.

Actively managed, the JPMorgan Global Bond Opportunities ETF isn't confined to a particular bond benchmark and can offer investors broad-based fixed income exposure. The new ETF “seeks to take advantage of opportunities across market sectors, credit quality, countries and currencies, extending beyond traditional fixed income investments. It captures J.P. Morgan's highest conviction ideas in a flexible strategy that identifies opportunities in response to evolving market conditions,” according to a statement from New York-based JPAM.

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JPGB makes good on the benefits of an unconstrained bond approach as the new ETF offers investors exposure to 15 different corners of the fixed income universe across 50 countries. The new ETF's allocations are dynamic and can change as market conditions evolve.

“The fund is managed by a highly experienced investment team, led by Global CIO and portfolio manager Bob Michele, who has been managing global fixed income for over 35 years,” JPAM said in the statement.

JPGB, which charges 0.55 percent per year, or $55 on a $10,000 investment, is the second bond ETF introduced by JPAM. Last year, the firm introduced the JPMorgan Disciplined High Yield ETF JPHY.

JPHY holds only dollar-denominated high-yield credit of U.S. and foreign issuers.

The fund is run by a seasoned and well-resourced high yield investment team with over $35 billion in AUM. Each of the senior managers has more than 20 years of experience navigating multiple market cycles, said JPAM.