JPMorgan Active Bond ETF (JBND) is expected to begin trading in February
J.P. Morgan Asset Management announced its intent to transfer the exchange listing the JPMorgan Active Bond ETF to the New York Stock Exchange from NYSE Arca, effective January 30, 2024.
JBND employs a bottom-up, value-oriented approach that emphasizes security selection. It seeks to maximize total return by investing primarily in a diversified portfolio of intermediate and long-term debt securities, with a focus on securitized debt.
“As we begin 2024, many investors are re-thinking their fixed income exposures,” said Bryon Lake, J.P. Morgan Asset Management Global ETF Solutions. “Utilizing the knowledge of our Core bond team and delivering those capabilities through the benefit-rich ETF wrapper can help investors navigate the market in a unique way. Bringing JBND to the NYSE is an exciting next step in our innovative approach for clients.”
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By listing on the NYSE, JBND will utilize its floor-based trading model, which pairs innovative technology with human oversight. This model limits variability in the auctions, improving the investor experience.
The floor listing can also drive tighter spreads and add additional liquidity to the secondary markets due to more stringent quoting requirements.
“We are pleased to welcome JBND to the NYSE’s trading floor, where world-class technology meets human judgement to provide enhanced market quality,” said Douglas Yones, Head of Exchange Traded Products at the NYSE. “By listing on the floor, JBND investors can benefit from the NYSE’s unique market model, which offers tighter spreads, larger quoted size and additional liquidity.”
The fund’s ticker will remain the same. The trading of the fund and its shareholders are not anticipated to be impacted during the transfer. Shareholders are not required to take any action in connection with this listing transfer.
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