JP Morgan AM launches UCITS active global aggregate bond ETF
The global aggregate bond strategy was first launched in 2009 and, as of 31 August 2023, had over $11bn assets under management.
The JP Morgan Active Global Aggregate Bond UCITS ETF (JAGG) was an industry «first», the company said, and will offer diversified exposure to global fixed income using the firm's global aggregate bond strategy.
The global aggregate bond strategy was first launched in 2009 and, as of 31 August 2023, had over $11bn assets under management.
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JAGG is benchmarked against the Bloomberg Global Aggregate index Total Return USD Unhedged and has an Article 8 SFDR classification.
ETF investors will be offered a core allocation spanning government, corporate, government-related, emerging market and securitised bonds across 25 local currency markets.
Myles Bradshaw, Iain Stealey and Linda Raggi will actively manage the ETF with the support of the firm's global research team.
The portfolio will employ bottom-up security selection and top-down sector allocation, while taking advantage of relative value opportunities by rotating between sectors.
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Travis Spence, head of EMEA ETF distribution at JP Morgan AM, said: «Active fixed income ETFs can capitalise on numerous factors that impact bond prices and move markets, including economic and market cycles and central bank actions across both government and corporate securities.
»An active strategy can adjust interest rate exposure and sector allocation through the cycle, enabling investors to own cheaper securities and underweight expensive ones while maintaining a stable bond beta.
«Our global aggregate strategy's time-tested process has
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