J.P. Morgan Asset Management Launches New Fixed Income ETF: JBND
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Details
News Market Reaction – JPM
The recorded move for JPM in the trading session of this news was -0.23%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
"We have always been focused on providing investors with value through carefully selecting bonds of the highest quality," said Richard Figuly, Core Bond Portfolio Manager at J.P. Morgan Asset Management. "We are thrilled to be able to offer our clients this strategy through an innovative ETF wrapper."
JPMorgan Active Bond ETF seeks to maximize total return by investing primarily in a diversified portfolio of intermediate-and long-term debt securities, with a focus on securitized debt. JBND utilizes the same team and philosophy as the JPMorgan Core Bond Fund.
Aiming to outperform the Bloomberg US Aggregate Bond Index over a three to five year market cycle, JBND focuses on a value-driven approach that emphasizes intermediate bonds of the highest quality.
JBND leverages the expertise of a team of J.P. Morgan Asset Management's Global Fixed Income, Currency & Commodities (GFICC) portfolio managers with over 70 years of experience. The lead portfolio managers are Richard Figuly, Managing Director, Justin Rucker, Managing Director, Andrew Melchiorre, Managing Director, and Edward Fitzpatrick III, Managing Director.
"Listening to investors, they are looking for active fixed income solutions to navigate a tricky fixed income environment," said Bryon Lake, J.P. Morgan Asset Management Global ETF Solutions. "Being able to deliver our strong Core Bond investment team capabilities through the ETF wrapper is excellent innovation for our clients. JBND is a flagship addition to our active ETF capabilities."
JBND is priced at 30 basis points.
J.P. Morgan Asset Management ranks as a top ten ETF issuer in the
About J.P. Morgan Asset Management
J.P. Morgan Asset Management, with assets under management of
JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the
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.
Investments in bonds and other debt securities will change in value based on changes in interest rates. If rates rise, the value of these investments generally drops. Investments in asset-backed, mortgage-related and mortgage-backed securities are subject to certain risks including prepayment and call risks, resulting in an unexpected capital loss and/or a decrease in the amount of dividends and yield. During periods of difficult credit markets, significant changes in interest rates or deteriorating economic conditions, such securities may decline in value, face valuation difficulties, become more volatile and/or become illiquid.
J.P. Morgan Distribution Services, Inc., member FINRA
NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE
[1] Data according to Bloomberg as of October 10, 2023.
View original content to download multimedia:https://www.prnewswire.com/news-releases/jp-morgan-asset-management-launches-new-fixed-income-etf-jbnd-301954190.html
SOURCE J.P. Morgan Asset Management