New listings promise Canadian investors access to large cap US value and growth equity strategies
J.P. Morgan Asset Management (JPMAM) has listed two actively managed exchange-traded funds (ETFs) on the Toronto Stock Exchange: the JPMorgan US Value Active ETF (TSX: JAVA) and the JPMorgan US Growth Active ETF (TSX: JGRO).
JAVA and JGRO aim to provide Canadian investors with access to large cap US equities using distinct investment approaches.
JAVA is structured to identify companies with what the firm considers attractive valuations within a large cap value portfolio.
JGRO focuses on identifying growth-oriented equity opportunities, with some flexibility across the market capitalisation spectrum.
Travis Hughes, Head of Canada at J.P. Morgan Asset Management, said, “The Canadian market continues to see strong demand for more sophisticated investment products that have the potential to provide returns and take advantage of a rapidly changing world.”
He stated that the launch of JAVA and JGRO addresses that demand.
According to Jay Rana, head of Canadian Advisor Business at J.P. Morgan Asset Management, “As investors look to the future, they are encouraged to adopt a more comprehensive approach that considers the full spectrum of opportunities within a diverse universe of companies.”
JAVA includes exposure to sectors such as financials, health care, and industrials, while JGRO includes sectors such as technology, communication services, and consumer discretionary.
JAVA and JGRO completed their initial unit offerings and began trading on March 25.
Rana said, “Canada's ETF market is at a pivotal moment, with growing demand for actively managed solutions that offer investors greater flexibility and potential for outperformance.”
He said that growth and value-focused ETFs provide different approaches for navigating market conditions.
