NEW YORK, November 2, 2021 / PRNewswire / – JP Morgan Asset Management today announced the launch of JPMorgan Income ETF (JPIE) (“The Fund”), an active fixed income ETF that targets debt securities in the fixed income universe, seeking to provide a return with lower volatility and attractive distributions.
Using changes in sector allocation, JPIE invests in a wide variety of debt securities that have the potential to maximize income while reducing risk at the portfolio level. JPIE draws on the combined expertise of the company’s Global Fixed Income Currency and Commodities (GFICC) platform, providing the best insights from the expertise of various asset classes and broad investment capabilities.
“This current cycle has shown that passive fixed income investing has certain limitations and may not be able to provide the full range of stabilizing, diversifying and improving returns benefits that most investors now expect. In this environment, investors can benefit from intentional exposure to stocks and sectors that active management can bring ”, noted Bryon Lake, Global Head of ETF Solutions at JP Morgan Asset Management. “When our clients need active expertise to meet the challenges of macro and micro markets, JPIE employs a flexible and opportunistic approach that combines strategy and sector rotation, providing a liquid, profitable and efficient way to build and manage a diversified portfolio of fixed income securities. “
The fund is managed by portfolio managers André Norelli, Andrew Headley and Thomas Hauser, which also manage all JPMorgan Income Fund (JMSIX) and have 75 years of combined industry experience (full bios below). The seasoned managers bring high yield, securitized and macro background, and draw on the best income ideas from a global team of more than 290 investment professionals.
The launch of JPIE expands JP Morgan Asset Management’s active fixed income portfolio to ten products, joining JPMorgan Ultra-Short Income ETF (JPST) which recently won the Fund Intelligence 2020 Fixed Income ETF of the Year award1. JP Morgan Asset Management also recently won the ‘Best US Fixed Income ETF Issuer’ award in 2021 from ETF Express.2.
JP Morgan Asset Management’s comprehensive US ETF suite consists of 38 products with over 68 billion dollars in assets under management. JP Morgan Asset Management ranks among the top seven issuers of ETFs in the United States for assets under management3, and number two in net flows on active ETFs in the United States for 20214.
Biographies of portfolio managers:
André Norelli, General manager, is a member of the Global Fixed Income, Currency & Commodities (GFICC) group. Situated at Columbus, he is a portfolio manager for several multi-sector bond strategies, both referenced and unrestricted, and is a member of the asset allocation committee of JPMorgan Investor Funds. Andrew focuses on portfolio construction, asset allocation, macroeconomic strategy and global market dynamics. In addition, Andrew’s specialist knowledge of emerging markets and resolving credit issues is integral to assessing global investment opportunities and proactive risk mitigation. Prior to joining the company in 2012, Andrew spent eleven years as a trader at Morgan Stanley, then was co-head of the firm’s emerging market credit trading desk from 2008 to 2012. Andrew holds an AB summa cum laude in economics of Princeton University.
Andrew Headley, General manager, is the head of securitized strategies within the Global Fixed Income, Currency & Commodities (GFICC) group. Situated at new YorkHe is responsible for overseeing the investment teams of agency and non-agency mortgage-backed securities, commercial mortgage-backed securities, commercial mortgage loans (CML) and securitized credit research. . He is also responsible for managing mortgage portfolios as well as developing and implementing mortgage strategies for multi-sector portfolios. Employed since 2005, Drew previously worked as a portfolio manager at Bear Stearns Asset Management, overseeing the mortgage and asset-backed sectors for core fixed income strategies. Previously, Drew was a portfolio manager at Fischer Francis Trees & Watts (a subsidiary of BNP Paribas Asset Management) for eleven years, specializing in mortgage portfolios and extended markets. Drew holds a BA in Economics from the Wharton School of the University of Pennsylvania and holds the CFA charter.
Thomas Hauser, General manager, is a member of the Global Fixed Income, Currency & Commodities (GFICC) group and is responsible for managing high yield investments for the Fund. Situated at Indianapolis, he is a Senior Portfolio Manager for GFICC’s High Yield Fixed Income team and is responsible for overseeing high yield total return strategies, sub-advised mutual fund assets and investment products. absolute return credit. Prior to joining the company in 2004, Thomas worked at 40 | 86 Advisors, most recently as co-portfolio manager on three mutual funds and as co-head of the Collateralized Bond Obligation (CBO) group. Previously, Thomas worked at Van Kampen Investments co-managing several high yield mutual funds and leading the high yield trading desk. Thomas holds a BS in Finance from Miami (Ohio) University and holds the CFA charter.
About JP Morgan Asset Management
JP Morgan Asset Management, with assets under management of 2.7 trillion dollars (from September 30, 2021), is a world leader in investment management. JP Morgan Asset Management clients include institutions, retail investors and high net worth individuals in all major markets around the world. JP Morgan Asset Management offers global management of investments in stocks, bonds, real estate, hedge funds, private equity and liquidity. For more information: www.jpmorganassetmanagement.com.
JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services company based in United States of America (“US”), with operations worldwide. JPMorgan Chase had $ 3.8 trillion in assets and $ 290.0 billion in equity at September 30, 2021. The company is a leader in investment banking, consumer and small business financial services, commercial banking, financial transaction processing and asset management. Under the JP Morgan and Chase brands, the firm serves millions of clients in the United States and many of the world’s largest businesses, institutions and governments. Information on JPMorgan Chase & Co. can be found at www.jpmorganchase.com.
JP Morgan ETFs are distributed by JPMorgan Distribution Services, Inc., which is a subsidiary of JPMorgan Chase & Co. Affiliates of JPMorgan Chase & Co. earn fees for providing various services to the funds. JPMorgan Distribution Services, Inc. is a member of FINRA. More information is available at https://am.jpmorgan.com/us/en/asset-management/gim/adv/products/etfs.
Investors should carefully consider the investment objectives and risks as well as the fees and expenses of an ETF before investing. The summary and the full prospectus contain this and other information about the ETF and should be read carefully before investing. To obtain a prospectus: Call 1-844-4JPM-ETF.
NON FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE
1 Fund Intelligence 2020 Fixed Income of the Year (DETAIL)
2 ETF Express 2021 Best US Bond ETF Issuer ($ 1 billion–$ 5 billion Category)
3 Data according to ETFdb.com as of 11/01/2021.
4 Data according to Bloomberg as of 09/30/2021.
SOURCE JP Morgan Asset Management