NEW YORK, Jan. 25, 2018 /PRNewswire/ -- J.P. Morgan
Asset Management announced today the launch of the JPMorgan
Long/Short ETF (JPLS), which seeks to provide long and short
exposure to equity factors with dynamic market beta.
The fund employs a rules-based, bottom-up security selection
process using factors such as value, quality, momentum and size. It
can maintain long and short positions in global equity markets
either directly or through the use of derivatives. The fund can
serve as a core diversifier or alternative to traditional equity
within a portfolio.
JPLS is managed by an experienced team led by Yazann Romahi, CIO
of Quantitative Beta Strategies and Portfolio Manager at J.P.
Morgan Asset Management. A leader in alternative investments, J.P.
Morgan currently manages more than $120
billion in alternative investments globally.
"As investor needs and demands evolve, we are constantly looking
to innovate and be at the forefront of a rapidly expanding ETF
market," said Joanna Gallegos, U.S.
Head of ETFs for J.P. Morgan Asset Management. "With JPLS, we are
proud to contribute to the democratization of hedge fund investing
by offering our clients access to institutional-quality products,
which helps them build stronger portfolios."
J.P. Morgan Asset Management's ETF suite now features twenty one
product offerings with over $3
billion in assets under management. J.P. Morgan achieved a
top ten position in flows across smart beta ETFs in 2016, ranking
8th out of 47 ETF managers1. J.P. Morgan was also named
one of the "Most Trusted" ETF providers according to Cogent
Reports' 2016 Advisor Brandscape report2 and was awarded
"Best New Alternatives ETF" and "Best New Active ETF" by ETF.com
for its JPMorgan Diversified Alternatives ETF (JPHF)
product3.
About J.P. Morgan Asset Management
J.P. Morgan Asset Management, with assets under management of
$1.7 trillion (as of
12/31/2017), is a global leader in investment management.
J.P. Morgan Asset Management's clients include institutions, retail
investors and high-net worth individuals in every major market
throughout the world. J.P. Morgan Asset Management offers
global investment management in equities, fixed income, real
estate, hedge funds, private equity and liquidity.
JPMorgan Chase & Co. (NYSE: JPM), the parent company of
J.P. Morgan Asset Management, is a leading global financial
services firm with assets of approximately $2.5 trillion (as of 12/31/2017) and operations
in more than 60 countries. Information about JPMorgan Chase
& Co. is available at www.jpmorganchase.com.
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.
1 Bloomberg as of 12/31/16
2 Cogent Wealth Reports, Advisor
Brandscape® published June
2016, sample size 1,500+. Detailed annual report covering
the advisor market place. Holistic view of the landscape including
practice models, product usage, brand perceptions and user
experience across all of the top providers in the MF, VA and ETF
categories. Advisor research allows subscribing firms to get a full
picture of the advisor marketplace via a mix of continuous online
data portals and traditional printed reports. Insights are based on
online surveys among representative cross sections of registered
financial advisors with at least $5
million in assets under management across all channels.
3ETF.com Award winners are selected in a three-part
process designed to leverage the insights and opinions of leaders
throughout the ETF industry. The awards process began with an open
nomination period running from Dec. 5,
2016, through Jan. 4, 2017.
ETF.com received hundreds of nominations from participants in all
corners of the ETF space. Following the open nominations process,
the ETF.com Awards Nominating Committee—made up of senior leaders
at ETF.com, Inside ETFs and FactSet—voted to select up to five
finalists in each category. Votes were tallied on a majority basis.
Winners from these finalists were selected by a majority vote of
the ETF.com Awards Selection Committee, a group of independent ETF
experts. Committee members recused themselves from voting in any
category in which they or their firms appeared as finalists. Ties
were decided where possible with head-to-head runoff votes. Voting
was completed by Jan. 20, 2017, but
results were kept secret until their announcement at the ETF.com
U.S. Awards Dinner on March 30,
2017.
J.P. Morgan Asset Management and JPMDS are not affiliated with
ETF.com.
The Fund invests in foreign securities, which are subject to
special currency, political and economic risks. The Fund may also
invest in futures contracts and other derivatives. This may make
the Fund more volatile. The Fund may engage in short selling, which
will not eliminate the its exposure to domestic stock market
movements, capitalization, sector-swings or other risk factors. A
long/short portfolio may have higher portfolio turnover rates,
which may trigger tax consequences. Short selling also bears costs
associated with covering short positions and a possibility of
unlimited loss on certain positions. Commodity investing is subject
to greater volatility than investments in traditional securities,
particularly if leveraged. Their value may be affected by overall
market movements, index volatility, interest rate changes, or
factors affecting a particular industry or commodity. Use of
leveraged derivatives may increase return but also increase the
possibility for greater loss. Securities rated below investment
grade are considered "high-yield," "non-investment grade," "below
investment-grade," or "junk bonds." They generally are rated in the
fifth or lower rating categories of Standard & Poor's and
Moody's Investors Service. Although they can provide higher yields
than higher rated securities, they can carry greater risk.
J.P. Morgan ETFs are distributed by JPMorgan Distribution
Services, Inc., which is an affiliate of JPMorgan Chase & Co.
Affiliates of JPMorgan Chase & Co. receive fees for providing
various services to the funds. JPMorgan Distribution Services, Inc.
is a member of FINRA/SIPC.
J.P. Morgan Asset Management is the marketing name for the asset
management businesses of JPMorgan Chase & Co. and its
affiliates worldwide
NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE
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SOURCE J.P. Morgan Asset Management