J. P. Morgan Asset Management (JPMAM) has expanded its suite of BetaBuilders ETFs with the launch of the JPM BetaBuilders US Equity UCITS ETF, offering investors exposure to the broad US stockmarket.
The new ETF is available in accumulation and distribution share classes on the London Stock Exchange, Deutsche Boerse Xetra and Borsa Italiana, and is domiciled in Ireland. Both share classes have a TER of 0.04%.
The portfolio is constructed to offer exposure to large and mid-cap US equities, seeking investment results that closely correspond to Morningstar's US Target Market Exposure index.
Bryon Lake, head of international ETFs at JPMAM, said: "We believe our US equity ETF offers investors and asset allocators more efficient access to US equities in what is an increasingly noisy market place.
"Our BetaBuilder ETF suite is designed to offer clients efficient access to market cap weighted building blocks that are simple, straightforward and priced for today's market."
In addition to this, the firm has also launched accumulation share classes for its JPM USD Ultra-Short Income and JPM GBP Ultra-Short Income UCITS ETFs on the London Stock Exchange. Both products have a TER of 0.18%.
JPMAM's global ETF suite counts more than 45 products, with over $20bn in assets under management as of December 2018.