JPMAM’s first ETF to invest primarily in stocks of large-cap companies listed on the Nasdaq stock exchange.
NEW YORK, May 2, 2022 /PRNewswire/ — JP Morgan Asset Management (JPMAM) today announced the launch of JPMorgan Nasdaq Equity Income Premium ETF (JEPQ), the company’s first ETF to list on the Nasdaq stock exchange. The Active Equity ETF seeks to provide an attractive distributable return while providing a significant portion of the returns associated with the fund’s primary benchmark, the Nasdaq 100 Index, with less volatility.
JPMorgan Nasdaq Equity Income Premium ETF (JEPQ) will be comprised of a portfolio of equity securities of large cap companies included in the Nasdaq 100 Index and will incorporate an options strategy to generate income while reducing overall portfolio volatility. This management style aims to generate returns, provide additional income and better manage risk within portfolios as investors navigate the current environment of rising rates and inflation.
The fund will be managed by a 35-year industry veteran Hamilton Reiner as lead portfolio manager alongside the portfolio managers Eric Moreau and Andre Stern.
“Investors are looking for yield, which is proving particularly challenging given the current economic environment. JEPQ is an innovative income solution that utilizes our differentiated options overlay strategy,” said Hamilton Reiner, Portfolio Manager and Head of US Equity Derivatives at JP Morgan Asset Management. “By leveraging our differentiated alpha engine, JEPQ is an active solution for investors looking to steer portfolio allocations while maximizing expected risk-adjusted returns.”
“JEPQ was designed for investors seeking income while owning businesses that provide exposure to the innovative Nasdaq market. This strategy benefits from the intentionality of an active manager while being implemented through ETF technology,” said Bryon LakeGlobal Head of ETF Solutions at JP Morgan Asset Management. “We are excited to expand our range of active ETF capabilities and meet client needs with a proven investment strategy that balances income and equity exposure essential to portfolio construction.”
The addition of JEPQ brings JP Morgan Asset Management’s full suite of U.S. ETFs to 41 products with more than $75 billion in assets under management. JP Morgan Asset Management ranks among the top ten ETF issuers in the United States by assets under management1and number one in net active ETF flows in the US for 20212.
About JP Morgan Asset Management
JP Morgan Asset Management, with assets under management of $2.6 trillion (from March 31, 2022), is a global leader in investment management. JP Morgan Asset Management’s clients include institutions, retail investors and high net worth individuals in all major markets around the world. JP 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.
JP Morgan Asset Management is the trading name for the asset management business of JPMorgan Chase & Co. and its subsidiaries worldwide.
JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services company based in The United States of America (“US”), with operations worldwide. JPMorgan Chase had $4 trillion in assets and $285.9 billion in equity at March 31, 2022. The company is a leader in investment banking, personal and small business financial services, commercial banking, financial transaction processing and asset management. Under the JP Morgan and Chase brands, the company serves millions of customers in the United States and many of the world’s largest businesses, institutions and governments. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
JP Morgan ETFs are distributed by JPMorgan Distribution Services, Inc., which is a subsidiary of JPMorgan Chase & Co. The subsidiaries 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 the fees and expenses of an ETF before investing. The summary and full prospectus 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 04/29/2022.
2 Data according to Bloomberg as of 04/29/2022.
SOURCEJP Morgan Asset Management