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Komfie Manalo, Opalesque Asia:

J.P. Morgan Asset Management is launching its first single-strategy alternative beta ETF, the JPMorgan Event Driven ETF (JPED). The JPED is designed to complement 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, amongst the variety of strategic ways the fund can be utilized.

"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."

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......................

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