Listing of JPMorgan International Research Enhanced Equity ETF (JIRE) brings firm’s fast-growing active ETF complex to 22 active strategies
J.P. Morgan Asset Management announced the firm has successfully completed the conversion of four mutual funds to ETFs with the launch of JPMorgan International Research Enhanced Equity ETF (NYSE: JIRE) which listed on 06/13/2022. These conversions further expand J.P. Morgan’s active ETF lineup and enhance the firm’s ability to deliver its investment capabilities through the ETF vehicle.
As part of the planned conversions first announced in August of 2021, the following four ETFs were successfully converted from mutual funds to ETFs. With these conversions, J.P. Morgan Asset Management is providing investors with additional active investment options in spaces that traditionally have seen mostly passive ETF solutions.
|Mutual Fund||ETF||Ticker||Listing Date|
|JPMorgan Inflation Managed Bond Fund||JPMorgan Inflation Managed Bond ETF||(CBOE: JCPI)||11-April-22|
|JPMorgan Market Expansion Enhanced Index Fund||JPMorgan Market Expansion Enhanced Equity ETF||(NYSE: JMEE)||09-May-22|
|JPMorgan Realty Income Fund||JPMorgan Realty Income ETF||(NYSE: JPRE)||23-May-22|
|JPMorgan International Research Enhanced Equity Fund||JPMorgan International Research Enhanced Equity ETF||(NYSE: JIRE)||13-June-22|
“Successfully completing these four conversions represents an important milestone for our ETF franchise, especially as we continue to witness strong investor demand for active strategies in the ETF wrapper,” said Bryon Lake, Global Head of ETF Solutions, J.P. Morgan Asset Management. “We are excited to provide investors with greater choice and access to the potential benefits that active ETFs can provide, including additional trading flexibility, increased transparency and reduced fees through expense caps.”
The combined assets of the four active, transparent funds converted are approximately $9 billion, bringing J.P. Morgan Asset Management’s full U.S. suite of ETFs to 44 products with more than $75 billion in assets under management (as of 06/13/2022). J.P. Morgan Asset Management ranks as a top ten ETF issuer in the U.S. with respect to AUM1, and number one year to date2 in net active flows across active ETFs in the U.S.
Source: J.P. Morgan Asset Management