NEW YORK, Dec. 1, 2017 /PRNewswire/ -- J.P. Morgan Asset
Management announced today the launch of the JPMorgan Event Driven
ETF (JPED), its first single-strategy alternative beta ETF, which
can be used in a variety of strategic ways: to complement core
hedge fund allocations, provide targeted exposure within a
portfolio, achieve lower beta exposure to the global equity market
or build a liquid alternatives allocation.
Event-driven investing seeks to capture pricing inefficiencies
that may happen before or after a corporate "event," such as
earnings announcements, mergers, spinoffs or
bankruptcies. JPED uses a rules-based, bottom up security
selection process to capture a wide range of these event-driven
hedges.
The fund is managed by an experienced team led by Dr. Yazann
Romahi, CIO of Quantitative Beta Strategies and Portfolio Manager
at J.P. Morgan Asset Management. A leader in alternative
investments, J.P. Morgan currently manages more than $120 billion in alternative investments
globally.
"Hedge fund strategies can be an important diversifier but have
historically only been available to a small group of investors,"
said Joanna Gallegos, U.S. Head of
ETFs for J.P. Morgan Asset Management. "The addition of JPED to our
Alternatives ETF range provides our clients with access to targeted
hedge fund strategies that have typically been out of reach, and
can help enhance portfolios by capitalizing on corporate events and
providing diversification to traditional asset classes."
J.P. Morgan Asset Management's ETF suite features nineteen
product offerings with over $2
billion in assets under management. J.P. Morgan achieved a
top ten position in flows across smart beta ETFs in 2016, ranking
8th out of 47 ETF managers1. J.P. Morgan was also named
one of the "Most Trusted" ETF providers according to Cogent
Reports' 2016 Advisor Brandscape report2 and was awarded
"Best New Alternatives ETF" and "Best New Active ETF" by
ETF.com for its JPMorgan Diversified Alternatives ETF (JPHF)
product3.
About J.P. Morgan Asset Management
J.P. Morgan Asset Management, with assets under management of
$1.6 trillion (as of September 30, 2017), 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. JPMorgan Chase & Co. (NYSE: JPM),
the parent company of J.P. Morgan Asset Management, is a leading
global financial services firm with assets of approximately
$2.6 trillion (as of September 30, 2017) and operations in more than
60 countries. 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.
1Bloomberg as of 12/31/16
2Cogent Wealth Reports, Advisor Brandscape® published
June 2016, sample size 1,500+.
Detailed annual report covering the advisor market place. Holistic
view of the landscape including practice models, product usage,
brand perceptions and user experience across all of the top
providers in the MF, VA and ETF categories. Advisor research allows
subscribing firms to get a full picture of the advisor marketplace
via a mix of continuous online data portals and traditional printed
reports. Insights are based on online surveys among representative
cross sections of registered financial advisors with at least
$5 million in assets under management
across all channels.
3ETF.com Award winners are selected in a three-part
process designed to leverage the insights and opinions of leaders
throughout the ETF industry. The awards process began with an open
nomination period running from Dec. 5,
2016, through Jan. 4, 2017.
ETF.com received hundreds of nominations from participants in all
corners of the ETF space. Following the open nominations process,
the ETF.com Awards Nominating Committee—made up of senior leaders
at ETF.com, Inside ETFs and FactSet—voted to select up to five
finalists in each category. Votes were tallied on a majority basis.
Winners from these finalists were selected by a majority vote of
the ETF.com Awards Selection Committee, a group of independent ETF
experts. Committee members recused themselves from voting in any
category in which they or their firms appeared as finalists. Ties
were decided where possible with head-to-head runoff votes. Voting
was completed by Jan. 20, 2017, but
results were kept secret until their announcement at the ETF.com
U.S. Awards Dinner on March 30,
2017.
J.P. Morgan Asset Management and JPMDS are not affiliated with
ETF.com.
Investing involves risk, including possible loss of
principal. Shares are bought and sold market price, and are
not individually redeemed from the fund. Brokerage
commissions will reduce returns. International investing involves a
greater degree of risk and increased volatility. Changes in
currency exchange rates and differences in accounting and taxation
policies outside the U.S. can raise or lower returns. Also, some
overseas markets may not be as politically and economically stable
as the United States and other
nations. Investments in smaller companies typically exhibit higher
volatility.
There is no guarantee the funds will meet their investment
objective.
Diversification may not protect against market loss.
J.P. Morgan ETFs are distributed by JPMorgan Distribution
Services, Inc., which is an affiliate of JPMorgan Chase & Co.
Affiliates of JPMorgan Chase & Co. receive fees for providing
various services to the funds. JPMorgan Distribution Services, Inc.
is a member of FINRA/SIPC.
J.P. Morgan Asset Management is the marketing name for the asset
management businesses of JPMorgan Chase & Co. and its
affiliates worldwide
NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE
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SOURCE J.P. Morgan Asset Management