JP Morgan Asset Management has launched the first actively-managed local currency emerging market bond ETF.
The JPM Emerging Markets Local Currency Bond Active UCITS ETF will aim to outperform the JPMorgan Government Bond Index – Emerging Markets Global Diversified Index.
The ETF will be managed by Didier Lambert, Julien Allard, and Ishitaa Sharma, who will be supported by over 70 emerging market debt investment professionals across JPMAM’s $43bn EMD platform.
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It leverages JPMAM’s existing EM local currency debt strategy, first launched in 2008.
The strategy will charge a 0.4% total expense ratio.
Meanwhile, the firm has also listed the JPM Global Emerging Markets Research Enhanced Index Equity SRI Paris Aligned Active UCITS ETF (JSEM) on the London Stock Exchange.
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JSEM, managed by Lina Nassar and Sonal Tanna, will invest in a portfolio of EM companies aligned with the Paris Agreement. The strategy aims to have 450-500 holdings at launch.
Travis Spence, JPMAM global head of ETFs, said: “The introduction of these two new ETFs underscores our ongoing commitment to expanding our suites of active ETFs in core building blocks where we believe our active management can help our clients achieve their portfolio objectives and sustainability preferences.”