##  [# JPMorgan Shutting China Bond ETF in Europe](/sections/news/jpmorgan-shutting-china-bond-etf-europe) 

 

# JPMorgan Shutting China Bond ETF in Europe

 

 

The firm says the active, ultrashort fund hasn't "attracted sufficient assets."



 

 

 

 

 [![etf](/sites/default/files/styles/author_image_icon/public/2023-03/etf_com_logo.png?itok=tX9VZitZ "etf")](/contributors/theo-andrew) 

[By Theo Andrew](/contributors/theo-andrew)

 Nov 06, 2023

 Edited by: Mark Nacinovich

 

 

     Share  <a class="a2a a2a_button_email"> Email </a><a class="a2a a2a_button_linkedin"> LinkedIn </a><a class="a2a a2a_button_facebook"> Facebook </a><a class="a2a a2a_button_x"> X (Twitter) </a> 

 

 

 

 

 

 

 

 

  
            googletag.cmd.push(function() {
                googletag.display('js-dfp-tag-article_page_302x26');
            });
    
    

 

 

  

 



 

 

  Loading 

 

 



 

 

[JP Morgan](https://www.etf.com/topics/jpmorgan) Asset Management will close its ultrashort [China](https://www.etf.com/topics/china) bond ETF just 18 months after it launched the fund.

In a letter to shareholders, the asset manager said the JPM RMB Ultra-Short Income UCITS ETF (JCST) will close on Dec. 7, because it it “has not attracted sufficient assets."

JCST had $29 million in assets under management as of Nov. 3.

The [actively managed](https://www.etf.com/topics/active-management) exchange-traded fund was [launched](https://www.etfstream.com/articles/jp-morgan-am-unveils-two-china-fixed-income-etfs) alongside the $113 million [JPM BetaBuilders China Aggregate Bond UCITS ETF](https://www.etfstream.com/etf-screener/JCAG) (JCAG) in March 2022.

The fund was part of an ultrashort duration ETF range, comprising [JPMorgan USD Ultra-Short Income UCITS ETF](https://www.etfstream.com/etf-screener/JPST) (JPST), the [JPMorgan EUR Ultra-Short Income UCITS ETF](https://www.etfstream.com/etf-screener/JEST) (JEST) and the [JPMorgan GBP Ultra-Short Income UCITS ETF](https://www.etfstream.com/etf-screener/JGST) (JGST).

JPMorgan Asset Management declined to comment on the closure.

## Yields on Chinese Bonds Rising

Yields on short-term Chinese government [bonds](https://www.etf.com/topics/bond) have risen in recent weeks despite its central bank’s effort to stimulate the economy with two interest rate cuts.

Meanwhile, the country's troubled property sector is placing more strain on the economy and could face more debt defaults over the next six months.

Despite the closure, JPMorgan Asset Managment continues to [expand its active ETF range](https://www.etfstream.com/articles/jp-morgan-am-launches-active-global-aggregate-bond-etf) and last month launched the JPMorgan Active Global Aggregate Bond UCITS ETF (JAGG).

 
            googletag.cmd.push(function() {
                googletag.display('js-dfp-tag-in_article_unit');
            });
    
    

 

 



 

 

 [ Theo Andrew ](/contributors/theo-andrew) 

 

 

  Theo Andrew joined ETF Stream as a senior reporter in September 2021. He has over four years of investment writing experience spanning pensions and…   [View Bio](/contributors/theo-andrew)

 



 

 


 Related Topics  [JPMorgan](http://www.etf.com/topics/jpmorgan) 

 [China](http://www.etf.com/topics/china) 

 [Bond](http://www.etf.com/topics/bond)