JP Morgan Asset Management has launched the JPMorgan BetaBuilders MSCI US REIT ETF (BBRE), which seeks to replicate the performance of the MSCI US REIT Index.
The MSCI US REIT Index is a free-float adjusted market-cap weighted index comprised of equity Real Estate Investment Trusts. The index is based on the MSCI USA Investable Market Index (IMI), its parent index, which captures the large, mid and small cap segments of the USA market. The securities included offer core real estate exposure. BBRE will be priced with a total expense ratio (TER) of 11bps.
“BBRE is a pure play on the REIT market and provides choice to investors who are seeking core real estate index exposure,” says Joanna Gallegos, US head of ETFs at JP Morgan Asset Management. “Additionally, for allocators, REITs can provide diversification benefits to traditional equity and fixed income portfolios.”
The tenured market cap team is led by chief investment officer Ove Fladberg and comprises seasoned portfolio managers with an average of 17 years’ industry experience. The fund leverages a team based approach to managing portfolios and has track records dating back as far as 1991.
JP Morgan Asset Management’s ETF suite now features twenty five product offerings with over USD4 billion in assets under management. JP Morgan was awarded “Best New Alternatives ETF” for its JPMorgan Managed Futures Strategy ETF (JPMF) product and earned “Best New International/Global Fixed-Income ETF” for its JPMorgan Global Bond opportunities (JPGB) product at the fifth annual ETF.com Awards held in March 2018.
