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JP Morgan launches actively-managed global equity ETF

06 December 2023

The UCITS ETF seeks to provide investors with a 7-9% income per year, paid monthly.

By Matthew Cook,

Reporter, Trustnet

JPMorgan Asset Management (JPMAM) has launched an active global equity premium income exchange-traded fund (ETF): the JPMorgan Global Equity Premium Income UCITS ETF (JEPG). 

The ETF is listed on the London Stock Exchange and Euronext Milan and will also list on Deutsche Boerse on 7 December and the SIX Swiss Exchange on 20 December.

The active element of the ETF will be overseen by portfolio managers Piera Elisa Grassi and Nicolas Farserotu, who will take small overweight and underweight positions in companies versus the index. 

Income will then be generated using an options strategy, selling index options on the S&P 500 and MSCI EAFE – developed markets outside the US and Canada – against JPMorgan Global Equity Premium Income UCITS ETF’s portfolio.

Travis Spence, head of ETF distribution in EMEA at JPM Asset Management, said: “Investors continue to seek high levels of income, but they also want exposure to stock markets with less volatility. 

“We have seen the rapid growth of our option overlay equity strategies in the past couple of years, and we are delighted to be bringing a global premium income version of our market-leading US-domiciled equity premium income strategy to the UCITS ETF market.”

In October, JPMAM expanded its fixed income range with the launch of the JPMorgan Active Global Aggregate Bond UCITS ETF (JAGG).

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