JP Morgan Asset Management has bolstered its exchange traded fund range with the launch of a smart-beta developed ETF.
The new ETF known as the JPMorgan Global Equity ETF follows a smart-beta index strategy and will track an index consisting of equity securities from developed global markets depending on a multi-factor investment selection process, according to ETF Trends.
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The factors consist of a blend of attractive relative valuation, positive price momentum, low volatility and specific market capitalization.
The new ETF’s underlying index, a ticker symbol or an expense ratio have not yet been revealed by the company.
Most of the traditional beta-index equity ETFs, when compared to the enhanced ones follows a market-capitalization approach, which employs a larger weight to the biggest companies in the respective sector.
The smart-beta enhanced indexing strategy of the ETF industry, which currently has around 73 enhanced index-based ETFs with US$157.6 billion in assets under management, has expanded rapidly in the recent years.
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