Five new ETF offerings were launched for the week, each with a distinct value proposition for investors. Detailed below are the respective launches from each asset manager.
J.P. Morgan Asset Management launched the JPMorgan Active Bond ETF (Ticker: JBND). The actively managed ETF aims to deliver total return from an actively managed portfolio of US investment-grade bonds. JBND invests primarily in a diversified portfolio of intermediate- and long-term debt securities with a focus on securitised debt.
The fund aims to outperform the Bloomberg US Aggregate Bond Index over a three- to five-year market cycle.
Neuberger Berman converted two actively managed mutual funds to ETFs. The Neuberger Berman China Equity ETF (Ticker: NBCE) targets high-quality companies tied economically to China, while the Neuberger Berman Global Real Estate ETF (Ticker: NBGR) invests in the global real estate sector.
NBCE targets companies that demonstrate strong balance sheets, prospects for good returns on equity, above-average earnings growth, and ESG issues that are deemed important to their long-term success. Equally, NBGR uses fundamental analysis while also considering macroeconomic and market developments to identify attractive regions, countries and/or sectors.
Core Values Alpha (“CVA”), a brand of the SEC Registered Investment Advisor PowerFunds, launched the Core Values Alpha Greater China Growth ETF (Ticker: CGRO). The actively managed solution takes an ‘American-first approach’ towards investing in China, ensuring that the companies they hold do not compromise U.S. national security, American values, or economic and technologic leadership.
Hartford Funds launched the Hartford Quality Value ETF (Ticker: QUVU). The ETF is a mutual fund conversion and will be sub-advised by Wellington Management, the same team behind the previous mutual fund.
The active equity ETF is a traditional large-cap value offering. The fund invests in high-quality, undervalued companies believed to be in out-of-favour industries with less downside risk than the overall market.
To view this week’s Global ETF launches, click here.
To view September’s Canada ETF launches, click here.