JPMorgan Asset Management has launched an actively managed unconstrained fixed income exchange-traded fund (ETF).
The JPMorgan Global Bond Opportunities ETF and is modeled on the $1.7 billion JPMorgan Global Bond Opportunities fund and will target opportunities across market sectors, credit quality, countries and currencies.
The fund is the 12th ETF the group has launched. Its first active ETF, JPMorgan Diversified Alternatives, launched in September.
Bob Deutsch, US head of ETFs for JPMorgan Asset Management, said: ‘JPMorgan is uniquely positioned to offer an ETF that provides access to some of the most sophisticated fixed income investment capabilities available to investors.’
Separately, WisdomTree and iShares are planning new ETFs.
WisdomTree is preparing the launch of the WisdomTree US Multifactor ETF, according to a Securities and Exchange Commission (SEC) filing.
The fund will follow an index comprised of 200 US companies with the highest scores based on two fundamental factors, value and quality, as well as two technical factors, momentum and correlation.
The managers and fees have yet to be announced.
iShares is meanwhile planning the iShares Inflation Hedged Corporate Bond ETF, according to an SEC filing.
The fund will be actively managed by James Mauro and Scott Radell, using the Markit iBoxx USD Liquid Investment Grade Inflation Hedged index as its benchmark.
Radell has been with BlackRock since 2003 and has been head of the fixed income portfolio management group since 2008. Prior to joining BlackRock he was a fixed income credit analyst at Morgan Stanley Investment Management.
Mauro has been with BlackRock since 2011, primarily working as a portfolio manager. Before joining BlackRock, he was a vice president at State Street Global Advisors.
Fees for the fund have not yet been announced.