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J.P. Morgan Asset Management launches BBRE.

NEW YORK: J.P. Morgan Asset Management launched the JPMorgan BetaBuilders MSCI US REIT ETF (BBRE), which seeks to replicate the performance of the MSCI US REIT Index.

The index is based on the MSCI USA Investable Market Index (IMI), its parent index, which captures the large, mid and small cap segments of the USA market. The securities included offer core real estate exposure. BBRE will be priced with a total expense ratio (TER) of 11bps. The MSCI US REIT Index is a free-float adjusted market-cap weighted index comprised of equity Real Estate Investment Trusts.

Joanna Gallegos, U.S. head of ETFs at J.P. Morgan Asset Management, said, "BBRE is a pure play on the REIT market and provides choice to investors who are seeking core real estate index exposure. Additionally, for allocators, REITs can provide diversification benefits to traditional equity and fixed income portfolios."

The tenured market cap team is led by chief investment officer Ove Fladberg and is comprised of seasoned portfolio managers with an average of 17 years industry experience. The fund leverages a team based approach to managing portfolios and has track records dating back as far as 1991. J.P. Morgan Asset Management's ETF suite now features twenty five product offerings with over $4 billion in assets under management. J.P. Morgan was awarded "Best New Alternatives ETF" for its JPMorgan Managed Futures Strategy ETF (JPMF) product and earned "Best New International/Global Fixed-Income ETF" for its JPMorgan Global Bond opportunities (JPGB) product at the fifth annual Awards held in March 2018.1

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Publication:Daily the Pak Banker (Lahore, Pakistan)
Date:Jun 30, 2018
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