J.P. Morgan Asset Management launched its latest active exchange-traded fund (ETF), the JPMorgan Dividend Leaders ETF (JDIV), on the NYSE Arca. This fund leverages a dividend strategy, offering a solution that is now broadly accessible to clients.
JDIV seeks to provide long-term capital growth and current income by investing in equity securities of companies listed in both global developed and emerging markets. The fund will invest at least 80% of its assets in dividend-paying equity securities and equity-related instruments of companies that the adviser believes are leaders in their ability to grow and/or maintain high dividend payouts over time, relative to the companies included in the MSCI ACWI Index.
The fund is managed by a team of experienced portfolio managers, including Sam Witherow, Helge Skibeli and Michael Rossi. Witherow, managing director, has been with J.P. Morgan since 2008 and focuses on income portfolios. Skibeli, managing director, has been with the firm since 1990 and previously served as the global head of developed market equity research. Rossi, vice president, who joined the firm in 2019, also brings an expertise on income portfolios.
JDIV is designed to be managed consistently with other investment vehicles and accounts and leverages the strategy behind the long-tenured J.P. Morgan Global Dividends Fund (SICAV).
J.P. Morgan Asset Management ranks second in active ETF AUM and eighth overall. The fund is benchmarked against the MSCI ACWI Index and is priced at 47 basis points.
