JP Morgan AM Launches Active ESG Bond ETF

JP Morgan Asset Management has introduced an actively-managed bond ETF called JPMorgan Green Social Sustainable Bond Ucits ETF (JGRN), which will track the Bloomberg Global Aggregate Green Social Sustainability Bond 1-10 year index. The ETF will follow the SFDR Article 9 strategy and focus on social, green and sustainable bonds issued by supernational issuers, sovereigns and corporates from developed and emerging markets. The bonds within the index will be connected to the International Capital Markets Association (Icma) to measure their environmental impact, while JPMAM will use its own sustainability framework to determine the eligibility of green or social bonds. The ETF has a total expense ratio of 0.32% and is listed on several European stock exchanges.