J.P. Morgan Debuts JPMorgan Managed Futures Plus ETF

J.P. Morgan launched the actively managed JPMorgan Managed Futures Plus ETF (JPFP) on Nasdaq. The fund provides 100% exposure to large-cap U.S. equities while running a separate systematic managed futures strategy across equities, bonds, currencies and commodities. The ETF carries a 0.59% expense ratio.

The fund uses derivatives to replicate full market exposure to U.S. large-cap stocks and simultaneously applies a trend-following managed futures sleeve that can take long and short positions. The managed futures component is designed to produce returns that are not closely correlated with core equity performance and to adjust market exposure as trends change.

Portfolio managers on the fund are Yazann Romahi, Kartik Aiyar, Victor Li and Garrett Norman. They implement the managed futures sleeve with systematic macro models, actively adjusting positions across multiple markets rather than using fixed allocations.

In a press release, Romahi noted the ETF adapts a managed futures approach the firm has used in multi-asset portfolios and intends it to complement equity holdings across market cycles by maintaining market exposure while adding a separate trend-following sleeve for diversification.

JPFP is structured within a portable alpha framework, which separates market beta-core equity returns-from a manager’s additional return sources. By using derivatives and a dual-sleeve structure, the fund aims to deliver the return profile of U.S. large-cap stocks while seeking additional, non-correlated returns from trend-following strategies.

The 59-basis-point fee places JPFP among lower-fee options in the portable alpha space. The ETF expands J.P. Morgan’s active ETF lineup, which now includes 75 ETFs managing nearly $320 billion in assets, spanning income-focused and hedged equity strategies that use institutional derivatives techniques in exchange-traded formats.