J.P. Morgan Asset Management lists 12th active ETF on ASX

Yasmine Raso

Senior Journalist

30 April 2024

J.P. Morgan Asset Management (JPMAM) has re-packaged its existing Global Select Equity Strategy into an exchange traded fund (ETF) now listed on the Australian Securities Exchange (ASX), marking the manager’s 12th appearance on the exchange with an ETF.

The JPMorgan Global Select Equity Active ETF (JGLO) leverages the manager’s existing strategy – a core, high conviction diversified equity portfolio that seeks to outperform the benchmark across a range of market conditions – as well as the liquidity and transparency benefits that come with an ETF.

The tenth product from JPMAM in the active equity ETF space, JGLO is backed by a portfolio management team with over five decades of industry experience and the expertise of more than 80 global research analysts looking at over 2,500 companies.

“With inflation starting to cool and market expectations of a soft/no landing, it’s time for investors to put their cash to work and consider an alpha engine that maximises the capabilities of our global research terms but at a cost of 55bps, considerably lower than industry average,” Mark Carlile, Head of Wholesale, Australia and New Zealand at JPMAM, said.

“It is the global nature of our business and our sheer scale that enables us to offer a high conviction, global equity solution to Australian investors at comparatively low cost.”

The ETF is managed primarily by London-based Helge Skibeli.

“What we are seeing is that regardless of the market environment, investors are continuing to demand an active strategy that seeks to  capture attractive return opportunities without taking undue risk,” Helge Skibeli, CFA, CIO for the Research Driven Process for International Equities and Global Portfolio Manager at J.P. Morgan Asset Management, said.

“JGLO provides an attractive solution designed to help investors realise their financial goals and round out their portfolios with conviction.”