JP Morgan Asset Management has launched a new global value-focused, actively managed exchange-traded fund.
Managed by Kyle Williams, Ian Butler, Tom Buckingham, Mayur Patel and Joyce Weng, the JPM Global Value Equity Active UCITS ETF will invest in underpriced global stocks with fundamentally sound balance sheets.
The team will use systematic signals, company news flow, equity investor insight, fundamental analysis and sell-side research to identify the best value ideas.
It is benchmarked against the MSCI ACWI Value index and has a total expense ratio of 0.55%.
Williams said: “With global equity benchmarks increasingly concentrated, the opportunity to broaden exposure remains compelling.”
The fund is the fifth of the firm’s higher-alpha active ETF range in Europe, building on its core JPM Global Equity Active UCITS ETF launched in June.
Travis Spence, global head of ETFs at JP Morgan Asset Management, said “investors are increasingly looking to diversify beyond broad market exposure to consider how different investment styles can complement their portfolios”.
In particular, with the ETF market “maturing”, he noted that there has been a shift towards “more targeted active strategies”, as investors seek greater choice in how they invest across global equities.