Bringing you live news and features since 2006 

JP Morgan Asset Management launches Ultra-Short Municipal ETF

RELATED TOPICS​

JP Morgan Asset Management has launched the JP Morgan Ultra-Short Municipal ETF (JMST), an actively managed fixed-income ETF that focuses on tax-exempt yield and invests in municipal securities with less interest rate sensitivity.

The strategy invests primarily in investment grade, ultra-short municipal bonds that are exempt from federal income tax. The fund employs a value-driven, bottom-up approach and seeks to maintain a target duration range of two years or less. Additionally, it can serve as a diversifier to a portfolio’s core exposure and the shorter duration can help to reduce volatility.
 
JMST leverages the expertise of JP Morgan’s Municipal Bond and Global Liquidity business, with over 145 dedicated investment professionals and 30 years of demonstrated results across market cycles. The team is led by co-portfolio managers, Rick Taormina and James Ahn.
 
“Investors have become wary of fixed income investments in a rising rate environment,” says Joanna Gallegos, US Head of ETFs at JP Morgan Asset Management. “JMST’s focus on low duration positions should help to mitigate interest rate risk, while potentially offering a higher yield than tax-exempt money market funds.”  
 
JP Morgan Asset Management’s ETF suite now features 28 product offerings with over USD10 billion in assets under management. JP Morgan was awarded “Best New Alternatives ETF” for its JP Morgan Managed Futures Strategy ETF (JPMF) product and earned “Best New International/Global Fixed-Income ETF” for its JP Morgan Global Bond opportunities (JPGB) product at the fifth annual ETF.com Awards held in March 2018.

Latest News

Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins and other digital assets, according..

Related Articles

Graham MacKenzie, Toronto Stock Exchange
The evolution of ETFs has been a multi-decade experience for Toronto Stock Exchange says Graham MacKenzie, managing director, Exchange Traded...
Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Cryptocurrencies
Matteo Greco, Research Analyst at Fineqia International writes that bitcoin (BTC) ended the week at approximately USD52,150, showing a notable...
US Distribution Awards trophies
The winners of the first US ETF Distribution Awards at the Exchange conference, hosted by ETF Express and sponsored by...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by