Funds seek to deliver JPM active management expertise and risk controls through ETF technology
JP Morgan Asset Management announced the launch of two actively-managed ETFs, JPMorgan U.S. Tech Leaders ETF (JTEK) and JPMorgan Healthcare Leaders ETF (JDOC) on the Nasdaq Stock Market.
JPMorgan U.S. Tech Leaders ETF (JTEK) invests primarily in equity securities issued by technology and technology-enabled companies that develop or harness new technologies to reimagine products, establish new markets or attain leadership in existing markets. JTEK employs a flexible, all-cap approach to investing and leverages the long tenured U.S. Technology Leaders strategy. JTEK was listed on the Nasdaq Stock Exchange on October 5, 2023.
The strategy is run by managing director Joseph Wilson and executive director Eric Ghernati who also currently serve as co-portfolio managers of the J.P. Morgan U.S. Technology Leaders Strategy.
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JPMorgan Healthcare Leaders ETF (JDOC) seeks to provide long-term capital appreciation by primarily investing in equity securities issued by pharmaceutical, biotechnology, healthcare services, healthcare technology, medical technology and life sciences companies. Leveraging an existing healthcare strategy with a strong performance track record, J.P. Morgan Asset Management has created JDOC to provide a differentiated solution that can be broadly accessed by our clients. JDOC was listed on the Nasdaq Stock Exchange on November 2, 2023.
The strategy is led by a proven team of managing director Matt Cohen, M.D., managing director Holly Morris, and executive director Dominic Valder, with over 10 years of an established track record.
“Technology and healthcare play a vital role in investor portfolios,” said Bryon Lake, Global Head of ETF Solutions at J.P. Morgan Asset Management. “We’re excited to offer our clients these attractive new strategies that can help them achieve the right balance of active security selection, while maintaining thoughtful portfolio construction and risk management.”
J.P. Morgan Asset Management ranks as a top ten ETF issuer in the U.S. with respect to AUM, and number one year to date in net active flows across active ETFs in the U.S.1
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