JPMorgan Active Bond ETF (JBND) is expected to
begin trading in February
NEW
YORK, Jan. 8, 2024 /PRNewswire/ -- J.P. Morgan
Asset Management today announced its intent to transfer the
exchange listing the JPMorgan Active Bond ETF (NYSE: JBND) to the
New York Stock Exchange (NYSE) from NYSE Arca, effective
January 30, 2024.
JBND employs a bottom-up, value-oriented approach that
emphasizes security selection. It seeks to maximize total return by
investing primarily in a diversified portfolio of intermediate and
long-term debt securities, with a focus on securitized debt.
"As we begin 2024, many investors are re-thinking their fixed
income exposures," said Bryon Lake,
J.P. Morgan Asset Management Global ETF Solutions. "Utilizing the
knowledge of our Core bond team and delivering those capabilities
through the benefit-rich ETF wrapper can help investors navigate
the market in a unique way. Bringing JBND to the NYSE is an
exciting next step in our innovative approach for clients."
By listing on the NYSE, JBND will utilize its floor-based
trading model, which pairs innovative technology with human
oversight. This model limits variability in the auctions, improving
the investor experience.
The floor listing can also drive tighter spreads and add
additional liquidity to the secondary markets due to more stringent
quoting requirements.
"We are pleased to welcome JBND to the NYSE's trading floor,
where world-class technology meets human judgement to provide
enhanced market quality," said Douglas
Yones, Head of Exchange Traded Products at the NYSE. "By
listing on the floor, JBND investors can benefit from the NYSE's
unique market model, which offers tighter spreads, larger quoted
size and additional liquidity."
The fund's ticker will remain the same. The trading of the fund
and its shareholders are not anticipated to be impacted during the
transfer. Shareholders are not required to take any action in
connection with this listing transfer.
About J.P. Morgan Asset Management
J.P. Morgan Asset
Management, with assets under management of $3.19
trillion (as of 9/30/2023), 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 $3.9 trillion in assets and $313
billion in stockholders' equity as of June 30, 2023. 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.
Investors should carefully consider the investment
objectives and risks as well as charges and expenses of the
JPMorgan ETF before investing. The summary and full prospectuses
contain this and other information about the ETF. Read the
prospectus carefully before investing. Call 1-844-4JPM-ETF or visit
www.jpmorganETFs.com to obtain a prospectus.
Investments in bonds and other debt securities will change in
value based on changes in interest rates. If rates rise, the value
of these investments generally drops.
J.P. Morgan Distribution Services, Inc., member FINRA.
NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE
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SOURCE J.P. Morgan Asset Management