Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:A $2.6T-AUM Firm Debuts Its 41st ETF Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, May 5, 2022

A $2.6T-AUM Firm Debuts Its 41st ETF

Reported by Neil Anderson, Managing Editor

A $2.6-trillion-AUM (as of March 31) asset manager's team is rolling out another active ETF.

Mary Callahan Erdoes
J.P. Morgan
CEO of Asset and Wealth Management
Yesterday, Hamilton Reiner, head of U.S. equity derivatives at J.P. Morgan Asset Management [profile], and Byron Lake, global head of ETF solutions at JPMAM, unveiled the new JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). The new fund is JPMAM's first listed on the Nasdaq. (The launch boosts JPMAM's $75-billion-plus-AUM ETF business to 41 funds in total.)

The new fund is a series of the J.P. Morgan Exchange-Traded Fund Trust and comes with an expense ratio of 35 basis points. Reiner, a managing director serves as its lead PM, while Eric Moreau and Andrew Stern (both executive directors) will PM alongside Reimer. J.P. Morgan Investment Management Inc. serves as the fund's investment advisor, while JPMorgan Chase Bank serves as custodian, fund accounting agent, and transfer agent, and JPMorgan Distribution Services, Inc. serves as distributor.

JEPQ debuted on Tuesday, and it had $25.58 million in AUM as of yesterday.

Reiner puts the launch in the context of investors' search for yield.

"JEPQ is an innovative income soultion which employs our differentiated options overlay strategy," Reiner states. "Leveraging our differentiated alpha engine, JEPQ is an active solution for investors looking to drive portfolio allocations while maximizing risk-adjusted expected returns."

The new fund's other service providers include: Citibank as securities lending agent; Decehert as counsel; and PricewaterhouseCoopers LLP (PWC) as independent accounting firm. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use