New on Xetra: Active ETFs from J.P. Morgan with access to the high yield corporate bond market
New on Xetra: Active ETFs from J.P. Morgan with access to the high yield corporate bond market
Since Wednesday, three new actively managed exchange-traded funds from J.P. Morgan Asset Management have been tradable via Xetra and Börse Frankfurt.
The JPM USD High Yield Bond Active UCITS ETF pursues an active investment strategy and invests primarily in USD-denominated corporate bonds with a sub-investment-grade rating from developed market issuers. The bonds can have fixed rates or floating rates.
The investment manager aims to outperform the benchmark over a typical credit cycle (usually 5 to 7 years) through bottom-up stock selection based on fundamental analysis. ESG criteria are taken into account in the selection process. The benchmark is the ICE BofA US High Yield Constrained Index. The Active ETF is available to investors in three share classes: accumulating and distributing – the latter with a currency hedge against the euro.
Name | Asset class | ISIN | Ongoing charges | Distribution policy |
JPM USD High Yield Bond Active UCITS ETF - USD (acc) | Active Fixed Income ETF | 0.45 per cent | accumulating | |
JPM USD High Yield Bond Active UCITS ETF - USD (dist) | Active Fixed Income ETF | 0.45 per cent | distributing | |
| JPM USD High Yield Bond Active UCITS ETF - EUR Hedged (dist) | Active Fixed Income ETF | 0.45 per cent | distributing |
The product offering in Deutsche Börse's XTF segment currently comprises a total of 2,305 ETFs. With this selection and an average monthly trading volume of around €16 billion, Xetra is the leading trading venue for ETFs in Europe.