J.P. Morgan Asset Management has launched three new fixed income Betabuilder ETFs, namely the JPMorgan BetaBuilders U.S Treasury Bond 20+ Year ETF (BBLB), JPMorgan BetaBuilders U.S Treasury Bond 3-10 Year ETF (BBIB) and JPMorgan BetaBuilders U.S Treasury Bond 1-3 Year ETF (BBSB), listed on the CBOE Global Markets. These ETFs will be index-tracking, offering low-cost Beta-exposure as an addition to JPMAM’s active offerings. The new funds complement the firm’s existing BetaBuilders ETF line-up, which includes funds like the JPMorgan BetaBuilders 1-5 Year U.S. Aggregate Bond ETF, the JPMorgan BetaBuilders U.S. Aggregate Bond ETF, the JPMorgan BetaBuilders USD Investment Grade Corp, and the JPMorgan BetaBuilders USD High Yield Corp. The new fixed income BetaBuilder ETFs will be managed by a team comprising Eric Isenberg, Naveen Kumar, Qiwei Zhu, Jonathan Msika, and Alvaro Quiros. Each fund is priced at 7 basis points.
ETF Newz Says:
With the addition of these ETFs, J.P. Morgan Asset Management now has a full U.S. suite of ETFs, consisting of 51 products, with more than $100 billion in assets under management, as of April 20, 2023.