J.P. Morgan launched today another actively managed bond ETF, the eighth active fund in its growing lineup of exchange-traded funds, now totaling 32 ETFs in all.
The JPMorgan Core Plus Bond ETF (JCPB) owns a wide range of debt securities, focusing primarily on investment-grade bonds, but with the ability to go down the quality spectrum—and go outside the U.S. for debt securities—in an effort to deliver high current income.
The strategy taps into what the company says is its “deep bench” of expertise and resources in fixed income. Portfolio managers of JCPB include Steven Lear, Richard Figuly and Andrew Norelli.
"Relative to passively managed ETFs, JCPB offers a more flexible approach to a core fixed-income allocation with the potential to achieve increased yield and enhanced risk-adjusted returns,” Jillian DelSignore, U.S. head of ETF distribution at J.P. Morgan Asset Management, said in a release.
JCPB is listed on Cboe Global Markets, ETF.com’s parent company. The fund comes with a net expense ratio of 0.40%; the portfolio comprises over 350 securities at launch. J.P. Morgan has nearly $20 billion in ETF assets today.
Int’l Online Retail ETF
The Amplify International Online Retail ETF (XBUY) invests in global ex-U.S. companies that generate the majority of their revenue—at least 90% of it—from online retail sales. XBUY costs 0.69% in expense ratio, or $69 per $10,000 invested, and is listed on the NYSE Arca.
“Many of the fastest growing e-commerce markets reside outside of the U.S., primarily in developing countries where mobile devices are stoking demand,” Christian Magoon, CEO of Amplify ETFs, said in a release.
According to him, in 2018, 80% of all online retail sales took place outside the U.S.
XBUY tilts heavily toward China and Japan, together representing about 51% of the portfolio’s country allocation. The ETF also tilts toward small-cap stocks, which account for 45% of the portfolio—companies with market capitalization between $300 million and $2 billion. Top holdings include B2W CIA, Tencent Holdings and Oriflame.
XBUY is Amplify’s seventh ETF. The firm manages about $550 million in combined ETF assets.
Contact Cinthia Murphy at [email protected]