New J.P. Morgan ETF on Xetra: factor-based ETF on high-yield corporate bonds
New J.P. Morgan ETF on Xetra: factor-based ETF on high-yield corporate bonds
Since Tuesday, a new Exchange Traded Fund issued by J.P. Morgan has been tradable via Xetra and Börse Frankfurt.
The new JPM Global High Yield Corporate Bond Multi-Factor UCITS ETF - USD (acc) offers investors the opportunity to participate in the performance of high-yield corporate bonds with a rating below investment grade status. The ETF tracks the JP Morgan AM Global High Yield Multi-Factor Index and is designed to track the performance of global corporate bonds where certain factor characteristics are more pronounced than in their peer group. The strategic multi-factor approach determines the portfolio composition based on the three risk factors of value, momentum and quality.
Name | Asset class | ISIN | Ongoing charges | Distribution policy | Reference index |
JPM Global High Yield Corporate Bond Multi-Factor UCITS ETF – USD (acc) | Bond ETF | IE00BKKCKJ46 | 0.35 | Accumulating | JP Morgan AM Global High Yield Multi-Factor Index |
The product offering in Deutsche Börse's XTF segment currently comprises a total of 1,523 ETFs. With this selection and an average monthly trading volume of around €11 billion, Xetra is the leading trading venue for ETFs in Europe.