JP Morgan Asset Management has announced an expansion of its US-listed ‘BetaBuilders’ suite of low-cost, core portfolio ETFs with the addition of three fixed income funds.
JP Morgan’s ‘BetaBuilders’ ETFs provide low-cost, core portfolio exposures.
The funds, which will provide USD aggregate, investment-grade corporate, and high yield corporate bond exposures, will be created in February 2023 following the conversion of three existing actively managed ETFs.
Aggregate
The JPMorgan BetaBuilders US Aggregate Bond ETF (BBAG US) is being created from the $1.2 billion JPMorgan US Aggregate Bond ETF (JAGG US).
BBAG will track the Bloomberg US Aggregate Bond Index which is a flagship measure of investment-grade debt denominated in US dollars. The index covers Treasury, government-related, corporate, and securitized fixed-rate bonds from issuers worldwide. Eligible…
