J.P. Morgan Launches 59bps Active ETF Combining U.S. Equities and Managed Futures
JPFP•J.P. Morgan Asset Management has launched an actively managed multi-asset ETF combining U.S. large-cap equity exposure with a proprietary managed futures strategy to seek long-term capital appreciation and diversification. The ETF, backed by the $529 billion Multi-Asset Solutions platform, charges 59 basis points and targets low-to-negative equity and bond correlation.
1. Launch and Objectives
J.P. Morgan Asset Management introduced the Managed Futures Plus ETF to expand its active ETF platform and offer investors a single-fund solution for equity and futures exposure. The ETF seeks long-term capital appreciation while providing diversification beyond traditional stocks and bonds.
2. Strategy Composition
The ETF allocates between a U.S. large-cap equity sleeve—via direct holdings or equity index futures—and a managed futures sleeve that employs proprietary models to take long and short positions across equities, fixed income, currencies and commodities. This structure aims to deliver low-to-negative correlation to conventional asset classes and reduce portfolio drawdowns.
3. Management Team and Pricing
Managed by the Quantitative Solutions team within a $529 billion Multi-Asset Solutions group, the fund’s portfolio leaders include Dr. Yazann Romahi, Kartik Aiyar, Dr. Wei (Victor) Li and Garrett Norman. The ETF carries a 59 basis-point expense ratio, positioning it competitively in the active ETF market.
