Unifies two industry-leading growth strategies
into one actively managed ETF
NEW
YORK, Aug. 9, 2022 /PRNewswire/ -- J.P.
Morgan Asset Management (JPMAM) today announced the launch of
JPMorgan Active Growth ETF (JGRO), an actively managed style
pure growth ETF that seeks to outperform the Russell 1000 Growth
Index. The strategy follows a bottom-up approach and aims to
identify companies with growth potential that is underappreciated
by the market.
Priced at an expense ratio of 0.44%, JGRO leverages the
breadth and depth of the entire J.P. Morgan Growth Platform and
leverages two flagship strategies on the platform, JPMorgan Large
Cap Growth, a style pure approach which utilizes price momentum,
and JPMorgan Growth Advantage, which is anchored in large cap but
has flexibility to invest down cap. Blending these two fundamental
approaches with unique characteristics results in one ETF solution
that seeks opportunities across the growth landscape.
"As investors look to navigate today's unique market
environment, JGRO provides access to opportunities across
J.P. Morgan's Growth Platform, combined with the benefits of the
active ETF structure," said Bryon
Lake, Global Head of ETF Solutions, J.P. Morgan Asset
Management. "We are excited to add JGRO to our range of
active capabilities, uniting two of the industry's most experienced
growth management teams to deliver a solution aimed at providing
long-term capital appreciation while delivering risk-adjusted
returns."
The fund is managed by Giri
Devulapally, Timothy
Parton and Felise
Agranoff, all of whom are Managing Directors and
Portfolio Managers that bring decades of investment experience and
have successfully managed through various market cycles. They are
supported by a well-resourced team of dedicated growth research
analysts which average 16 years of experience. The entire growth
team collectively oversees more than $93b in assets.
JGRO compliments the firm's existing style pure
offerings, including JPMorgan Active Value ETF (JAVA), an active
equity ETF managed by Clare Hart,
Scott Blasdell, David Silberman and Andrew Brandon.
The addition of JGRO brings J.P. Morgan Asset
Management's full U.S. suite of ETFs to 45 products with more than
$81 billion in assets under
management. J.P. Morgan Asset Management ranks as a top ten ETF
issuer in the U.S. with respect to AUM 1 and number
one in net active flows across active ETFs in the U.S. for
20212. JPMorgan's Active ETFs were also recently named
"ETF Suite of the Year" by With Intelligence3 as
part of their annual Mutual Fund Industry and ETF Awards.
Portfolio Manager Biographies:
Giri Devulapally, managing
director, is a portfolio manager within the U.S. Equity Group. An
employee since 2003, Giri is the lead portfolio manager for the
J.P. Morgan Large Cap Growth Strategy. Prior to joining the firm,
Giri worked for T. Rowe Price for
six years, where he was an analyst specializing in technology and
telecommunications. Giri received a B.S. in Electrical Engineering
from the University of Illinois and an
M.B.A. with a concentration in Finance from the University of Chicago. He is a member of the CFA
Institute and a CFA charterholder.
Timothy Parton, managing
director, is a portfolio manager within the U.S. Equity Group. An
employee since 1986, Tim has managed a variety of Small and Mid-Cap
portfolios over his tenure. Tim has been managing the J.P. Morgan
Mid Cap Growth Strategy since November
2001 and the J.P. Morgan Growth Advantage Strategy since its
inception in September 2005. In
addition, Tim is a manager on the J.P. Morgan Equity Focus and Mid
Cap Equity Strategies. Tim holds a B.Sc. in Economics and
Accounting from the University of Bristol in England. He is a member of both the New York
Society of Security Analysts and The CFA Institute, and a is CFA
charterholder.
Felise Agranoff, managing
director, is a portfolio manager within the U.S. Equity Group. An
employee since 2004, Felise is a portfolio manager for the J.P.
Morgan Growth Advantage, Mid Cap Growth and Mid Cap Equity
Strategies. As a research analyst for the growth team Felise
covered industrials, financials and business services. Felise
obtained a B.S. in Finance and Accounting from the McIntire
School of Commerce at the University of
Virginia. She is a member of the CFA Institute and is a CFA
charterholder. Felise is an industry-recognized portfolio manager,
having been named to Citywire's "Top Female
Portfolio Managers in the U.S" in 20214, and is a member
of Citywire's Amplify "Equities Elite", a list of 421
top fund managers in the asset management industry
5.
About J.P. Morgan Asset Management
J.P. Morgan Asset Management, with assets under management of
USD 2.5 trillion (as of June 30, 2022), 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. For
more information: www.jpmorganassetmanagement.com.
J.P. Morgan Asset Management is the marketing name for the asset
management businesses of JPMorgan Chase & Co. and its
affiliates worldwide.
JPMorgan Chase & Co. (NYSE: JPM) is a leading financial
services firm based in the United States
of America ("U.S."), with operations worldwide. JPMorgan
Chase had $3.8 trillion in assets and
$286.1 billion in stockholders'
equity as of June 30, 2022. The Firm
is a leader in investment banking, financial services for consumers
and small businesses, commercial banking, financial transaction
processing and asset management. Under the J.P. Morgan and Chase
brands, the Firm serves millions of customers in the U.S., and many
of the world's most prominent corporate, institutional and
government clients globally. Information about JPMorgan Chase &
Co. is available at www.jpmorganchase.com.
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. More information is available at
https://am.jpmorgan.com/us/en/asset-management/gim/adv/products/etfs.
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.
NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE
Related Links: http://www.jpmorganchase.com
1 Data according to ETFdb.com as of 8/8/2022.
2 Data according to Bloomberg as of 8/8/2022.
3 The 2022 With Intelligence Mutual Fund Industry
and ETF Awards were judged on 2021 performance and flows.
4 According to Citywire's list of "20 top
female portfolio managers in the US" (June
2021)
5 CItywire Amplify was launched in 2022, naming
Felice Agranoff to the list of 421
names.
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SOURCE J.P. Morgan Asset Management