J.P. Morgan Launches Global Value Equity Active ETF

J.P. Morgan Asset Management has launched the JPM Global Value Equity Active UCITS ETF, or JGLV, giving investors access to an actively managed global equity strategy through an exchange-traded fund.

The fund seeks financially sound companies that the portfolio team considers undervalued. Its investment process uses systematic signals, company news, investor views, fundamental analysis and sell-side research. Stock selection is based on research covering more than 5,500 securities.

The strategy focuses on deep-value and core-value opportunities and uses bottom-up stock selection and risk controls. It is benchmarked against the MSCI ACWI Value Index.

The portfolio management team includes Kyle Williams, Ian Butler, Tom Buckingham, Mayur Patel and Joyce Weng. More than 80 equity research analysts support the team. J.P. Morgan Asset Management said the investment process has been developed over 25 years.

JGLV is classified as an Article 8 product under the European Union’s Sustainable Finance Disclosure Regulation. Its total expense ratio is 0.55%.

“With global equity benchmarks increasingly concentrated, the opportunity to broaden exposure remains compelling,” Williams, a portfolio manager at J.P. Morgan Asset Management, said in a statement. “JGLV offers an actively managed approach to capturing value beyond the market’s most expensive segments.”

The strategy seeks to identify companies that may benefit as market leadership changes, according to Williams.

Spence, global head of ETFs at J.P. Morgan Asset Management, described growing investor interest in Europe in active ETFs that provide more targeted exposure than broad-market funds. The firm said its higher-alpha active ETF range has more than $1 billion in assets.