New active ETFs from J.P. Morgan on Xetra: access to US companies in combination with an overlay strategy
New active ETFs from J.P. Morgan on Xetra: access to US companies in combination with an overlay strategy
Since Wednesday, four new actively managed exchange-traded funds issued by J.P. Morgan Asset Management have been tradable on Xetra and Börse Frankfurt.
The JPM US Equity Premium Income Active UCITS ETF pursues an active investment strategy, investing in a portfolio consisting mainly of US companies and selling out-of-the-money call options to generate additional income. In return, the unlimited upside potential of the equity portfolio is foregone. The written call options on equities or equity indices, usually on the reference index, are adjusted weekly to the changing market environment. The S&P 500 Index is the benchmark.
The JPM Nasdaq Equity Premium Income Active UCITS ETF pursues the same approach, but uses the Nasdaq-100 as the reference index.
Both funds are available to investors in an accumulating and distributing share class.
Name | Asset class | ISIN | Ongoing charges | Distribution policy |
JPM US Equity Premium Income Active UCITS ETF - USD (acc) | Active Equity ETF | 0.35 per cent | accumulating | |
JPM US Equity Premium Income Active UCITS ETF - USD (dist) | Active Equity ETF | 0.35 per cent | distributing | |
JPM Nasdaq Equity Premium Income Active UCITS ETF - USD (acc) | Active Equity ETF | 0.35 per cent | accumulating | |
JPM Nasdaq Equity Premium Income Active UCITS ETF - USD (dist) | Active Equity ETF | 0.35 per cent | distributing |
The product offering in Deutsche Börse's XTF segment currently comprises a total of 2,281 ETFs. With this selection and an average monthly trading volume of around €16 billion, Xetra is the leading trading venue for ETFs in Europe.