NEW YORK, Nov. 2, 2021 /PRNewswire/ -- J.P. Morgan
Asset Management today announced the launch of JPMorgan
Income ETF (JPIE) ("the fund"), an active fixed income ETF
which targets debt securities across the fixed income universe,
seeking to deliver yield with lower volatility and attractive
distributions.
Using sector allocation shifts, JPIE invests in a wide
variety of debt securities that have the potential to maximize
income while reducing portfolio-level risk. JPIE draws upon
the combined expertise of the firm's Global Fixed Income Currency
and Commodities (GFICC) platform, providing the best ideas from
diverse asset class expertise and broad investment
capabilities.
"This current cycle has shown that passive fixed income
investing has some limitations and may not be able to deliver the
full range of portfolio stabilization, diversification and return
enhancements benefits most investors now expect. In this
environment, investors can benefit from intentional exposure to
securities and sectors that active management can provide," said
Bryon Lake, Global Head of ETF
Solutions at J.P. Morgan Asset Management. "For when our
clients need the active expertise to navigate macro and micro
market challenges, JPIE uses a flexible, opportunistic
approach that combines strategy and sector rotation, delivering a
liquid, cost-effective and efficient way to build and manage a
diversified fixed income portfolio."
The fund is managed by Portfolio Managers Andrew Norelli, Andrew
Headley and Thomas Hauser,
all of whom also manage the JPMorgan Income Fund (JMSIX) and have
75 years of combined industry experience (full bios below). The
experienced managers bring high yield, securitized and macro
backgrounds, and draw on the best income ideas of a global team of
more than 290 investment professionals.
The launch of JPIE expands J.P. Morgan Asset Management's
active fixed income suite to ten products, joining JPMorgan
Ultra-Short Income ETF (JPST) which recently won Fund
Intelligence's 2020 Fixed Income ETF of the Year1. J.P.
Morgan Asset Management also recently won 'Best US Fixed Income ETF
Issuer' in 2021 from ETF Express2.
J.P. Morgan Asset Management's full U.S. ETF suite consists of
38 products with more than $68
Billion in assets under management. J.P. Morgan Asset
Management ranks as a top seven ETF issuer in the U.S. with respect
to AUM3, and number two in net flows across active ETFs
in the U.S. for 20214.
Portfolio Manager Biographies:
Andrew Norelli,
managing director, is a member of the Global Fixed Income,
Currency & Commodities (GFICC) group. Based in Columbus, he is a portfolio manager for
several multi-sector fixed income strategies, both benchmarked and
unconstrained, and is a member of the Asset Allocation Committee
for JPMorgan Investor Funds. Andrew focuses on portfolio
construction, asset allocation, macroeconomic strategy, and global
market dynamics. Additionally, Andrew's specialist knowledge of
emerging markets and distressed credit resolution are integral to
the assessment of global investment opportunities and proactive
risk mitigation. Prior to joining the firm in 2012, Andrew spent
eleven years as a trader at Morgan Stanley, ultimately serving as
co-head of the firm's emerging markets credit trading desk from
2008 to 2012. Andrew holds an A.B. summa cum laude in economics
from Princeton University.
Andrew Headley,
managing director, is the Head of Securitized Strategies
within the Global Fixed Income, Currency & Commodities (GFICC)
group. Based in New York, he is
responsible for overseeing the agency & non-agency
mortgage-backed securities, commercial mortgage-backed securities,
commercial mortgage loan (CML) investment teams and securitized
credit research. He is also responsible for managing mortgage
portfolios as well as developing and implementing mortgage
strategies for multi-sector portfolios. An employee since 2005,
Drew previously worked as a portfolio manager at Bear Stearns Asset
Management, overseeing the mortgage and asset-backed sectors for
the core fixed income strategies. Prior to this, Drew was a
portfolio manager at Fischer Francis Trees & Watts (a
subsidiary of BNP Paribas Asset Management) for eleven years,
specializing in mortgage and broad market portfolios. Drew holds a
B.S. in economics from the Wharton School of the University of Pennsylvania and is a CFA
charterholder.
Thomas Hauser, managing
director, is a member of the Global Fixed Income, Currency
& Commodities (GFICC) group and is responsible for managing
high yield investments for the Fund. Based in Indianapolis, he is a senior portfolio manager
for GFICC High Yield Fixed Income Team and is responsible for
overseeing high yield total return strategies, sub-advised mutual
fund assets and absolute return credit products. Prior to joining
the firm in 2004, Thomas was at 40|86 Advisors, most recently
serving as a co-portfolio manager on three mutual funds and as the
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 B.S. in finance from Miami (Ohio)
University and is a CFA charterholder.
About J.P. Morgan Asset Management
J.P. Morgan Asset Management, with assets under management of
USD 2.7 trillion (as of 30 September 2021), 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. For more information:
www.jpmorganassetmanagement.com.
JPMorgan Chase & Co. (NYSE: JPM) is a leading financial
services firm based in the United States
of America ("U.S."), with operations worldwide. JPMorgan
Chase had $3.8 trillion in assets and
$290.0 billion in stockholders'
equity as of September 30, 2021. The
Firm is a leader in investment banking, financial services for
consumers and small businesses, commercial banking, financial
transaction processing and asset management. Under the J.P. Morgan
and Chase brands, the Firm serves millions of customers in the
U.S., and many of the world's most prominent corporate,
institutional and government clients globally. Information about
JPMorgan Chase & Co. is available at www.jpmorganchase.com.
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. 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 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.
NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE
______________________________
1 Fund Intelligence 2020 Fixed Income of the Year
(DETAIL)
2 ETF Express 2021 Best US Fixed Income ETF Issuer
($1BN-$5BN category)
3 Data according to ETFdb.com as of 11/1/2021.
4 Data according to Bloomberg as of 9/30/2021.
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SOURCE J.P. Morgan Asset Management