NEW YORK, Dec. 1, 2017 /PRNewswire/ -- J.P. Morgan Asset Management announced today the launch of the JPMorgan Event Driven ETF (JPED), its first single-strategy alternative beta ETF, which can be used in a variety of strategic ways: to complement core hedge fund allocations, provide targeted exposure within a portfolio, achieve lower beta exposure to the global equity market or build a liquid alternatives allocation.
Event-driven investing seeks to capture pricing inefficiencies that may happen before or after a corporate "event," such as earnings announcements, mergers, spinoffs or bankruptcies. JPED uses a rules-based, bottom up security selection process to capture a wide range of these event-driven hedges.
The fund is managed by an experienced team led by Dr. Yazann Romahi, CIO of Quantitative Beta Strategies and Portfolio Manager at J.P. Morgan Asset Management. A leader in alternative investments, J.P. Morgan currently manages more than $120 billion in alternative investments globally.
"Hedge fund strategies can be an important diversifier but have historically only been available to a small group of investors," said Joanna Gallegos, U.S. Head of ETFs for J.P. Morgan Asset Management. "The addition of JPED to our Alternatives ETF range provides our clients with access to targeted hedge fund strategies that have typically been out of reach, and can help enhance portfolios by capitalizing on corporate events and providing diversification to traditional asset classes."
J.P. Morgan Asset Management's ETF suite features nineteen product offerings with over $2 billion in assets under management. J.P. Morgan achieved a top ten position in flows across smart beta ETFs in 2016, ranking 8th out of 47 ETF managers1. J.P. Morgan was also named one of the "Most Trusted" ETF providers according to Cogent Reports' 2016 Advisor Brandscape report2 and was awarded "Best New Alternatives ETF" and "Best New Active ETF" by ETF.com for its JPMorgan Diversified Alternatives ETF (JPHF) product3.
About J.P. Morgan Asset Management
J.P. Morgan Asset Management, with assets under management of $1.6 trillion (as of September 30, 2017), 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. JPMorgan Chase & Co. (NYSE: JPM), the parent company of J.P. Morgan Asset Management, is a leading global financial services firm with assets of approximately $2.6 trillion (as of September 30, 2017) and operations in more than 60 countries. 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 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.
1Bloomberg as of 12/31/16
2Cogent Wealth Reports, Advisor Brandscape® published June 2016, sample size 1,500+. Detailed annual report covering the advisor market place. Holistic view of the landscape including practice models, product usage, brand perceptions and user experience across all of the top providers in the MF, VA and ETF categories. Advisor research allows subscribing firms to get a full picture of the advisor marketplace via a mix of continuous online data portals and traditional printed reports. Insights are based on online surveys among representative cross sections of registered financial advisors with at least $5 million in assets under management across all channels.
3ETF.com Award winners are selected in a three-part process designed to leverage the insights and opinions of leaders throughout the ETF industry. The awards process began with an open nomination period running from Dec. 5, 2016, through Jan. 4, 2017. ETF.com received hundreds of nominations from participants in all corners of the ETF space. Following the open nominations process, the ETF.com Awards Nominating Committee—made up of senior leaders at ETF.com, Inside ETFs and FactSet—voted to select up to five finalists in each category. Votes were tallied on a majority basis. Winners from these finalists were selected by a majority vote of the ETF.com Awards Selection Committee, a group of independent ETF experts. Committee members recused themselves from voting in any category in which they or their firms appeared as finalists. Ties were decided where possible with head-to-head runoff votes. Voting was completed by Jan. 20, 2017, but results were kept secret until their announcement at the ETF.com U.S. Awards Dinner on March 30, 2017.
J.P. Morgan Asset Management and JPMDS are not affiliated with ETF.com.
Investing involves risk, including possible loss of principal. Shares are bought and sold market price, and are not individually redeemed from the fund. Brokerage commissions will reduce returns. International investing involves a greater degree of risk and increased volatility. Changes in currency exchange rates and differences in accounting and taxation policies outside the U.S. can raise or lower returns. Also, some overseas markets may not be as politically and economically stable as the United States and other nations. Investments in smaller companies typically exhibit higher volatility.
There is no guarantee the funds will meet their investment objective.
Diversification may not protect against market loss.
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/SIPC.
J.P. Morgan Asset Management is the marketing name for the asset management businesses of JPMorgan Chase & Co. and its affiliates worldwide
NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE
SOURCE J.P. Morgan Asset Management