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Komfie Manalo, Opalesque Asia: J.P. Morgan Asset Management, the $1.5tln investment management arm of JPMorgan Chase & Co., has launched the JPMorgan Ultra-Short Income ETF (JPST), an actively managed ETF that seeks to provide current income while maintaining low volatility of principal.
The firm said the strategy would be taking a conservative approach and is designed to provide additional income beyond that of money market funds, while mitigating volatility and limiting duration exposure. It invests across sectors, but primarily focuses on corporate and investment grade credit.
"J.P. Morgan is a leading global fixed income manager with deep experience in all areas of the market," said David Martucci, global head of the managed reserves team and portfolio manager. "The JPMorgan Ultra-Short Income ETF is a natural extension of our well-established Global Liquidity platform and offers our clients another smart option."
JPST leverages the expertise of J.P. Morgan's Global Liquidity business, with over 145 dedicated investment professionals and 30 years of demonstrated results across market cycles. The team is led by Martucci.
"JPST taps into J.P. Morgan's deep bench of talent and investment capabilities," said Bob Deutsch, U.S. head of ETFs for J.P. Morgan Asset Management. "In a rising interest rate environment, investors are increasingly looking for a safe haven to park their cash and mitigate...................... To view our full article Click here
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