Latest news with #JPMorganUltra-ShortIncomeETF
CNBC
02-05-2025
- Business
- CNBC
Two JPMorgan ETFs that are providing a destination for risk-averse investors
The money manager behind two of the world's biggest actively managed exchange-traded funds sees a way for investors to stay defensive without leaving the market. Jon Maier's firm is behind the JPMorgan Equity Premium Income ETF (JEPI) and JPMorgan Ultra-Short Income ETF (JPST). They're listed as No. 1 and No. 3 in size globally in their category, according to VettaFi. The goal: give investors downside protection while generating income. "When the VIX [volatility] increases, that offers the opportunity for an increased amount of income to the investor of JEPI," the J.P. Morgan Asset Management chief ETF strategist told CNBC's "ETF Edge" this week. "Conversely ... when the volatility declines, given that the options are written out of the money, it provides some upside in the underlying portfolio." JEPI fell around 3% in April while volatility gripped the market. As of Thursday's market close, the ETF is off about 4% for the year while the S&P 500 is down almost 5%. JEPI's top holdings include Mastercard, Visa and Progressive according to JPMorgan's website as of April 30. Meanwhile, the JPMorgan Ultra-Short Income Fund focuses on fixed income instead of U.S. equity. The fund is virtually flat so far this year. "It provides a ballast in your portfolio [and] stability for those investors that are looking to protect principle," Maier said. ETF Action's Mike Akins notes these ETFs are satisfying an important investment need in the market. "This category is where people are hiding out to weather the storm," the firm's founding partner said on the show. According to J.P. Morgan Asset Management, the JPMorgan Ultra-Short Income Fund had the second-highest volume among active U.S. fixed income ETFs between April 3 and 10 — which marked the year's most volatile weekly span on Wall Street.
CNBC
02-05-2025
- Business
- CNBC
Two JPMorgan ETFs that are providing a destination for risk-adverse investors
The money manager behind two of the world's biggest actively managed exchange-traded funds sees a way for investors to stay defensive without leaving the market. Jon Maier helps run the JPMorgan Equity Premium Income ETF (JEPI) and JPMorgan Ultra-Short Income ETF (JPST). They're listed as No. 1 and No. 3 in size globally in their category, according to VettaFi. The goal: give investors downside protection while generating income. "When the VIX [volatility] increases, that offers the opportunity for an increased amount of income to the investor of JEPI," the J.P. Morgan Asset Management chief ETF strategist told CNBC's "ETF Edge" this week. "Conversely ... when the volatility declines, given that the options are written out of the money, it provides some upside in the underlying portfolio." JEPI fell around 3% in April while volatility gripped the market. As of Thursday's market close, the ETF is off about 4% for the year while the S&P 500 is down almost 5%. JEPI's top holdings include Mastercard, Visa and Progressive according to JPMorgan's website as of April 30. Meanwhile, the JPMorgan Ultra-Short Income Fund focuses on fixed income instead of U.S. equity. The fund is virtually flat so far this year. "It provides a ballast in your portfolio [and] stability for those investors that are looking to protect principle," Maier said. ETF Action's Mike Akins notes these ETFs are satisfying an important investment need in the market. "This category is where people are hiding out to weather the storm," the firm's founding partner said on the show. According to J.P. Morgan Asset Management, the JPMorgan Ultra-Short Income Fund had the second-highest volume among active U.S. fixed income ETFs between April 3 and 10 — which marked the year's most volatile weekly span on Wall Street.
Yahoo
01-05-2025
- Business
- Yahoo
Bond ETFs Weather April Volatility, Bring in $10B of New AUM
Market volatility driven by tariff uncertainty hit bond mutual funds hard in April: Investors pulled roughly $60 billion from these funds—the largest outflows since 2022, according to Bloomberg. Bond ETFs, on the other hand, experienced $10 billion inflows. The exchange-traded fund wrapper tends to be cheaper, more liquid and more transparent than its mutual fund counterpart, offering a heightened appeal to money managers, especially during market turmoil. "The tariff tantrum caused a sizable correction in equities. While equity indices flirted with bear market drawdowns, fixed income returns remained positive on the year,' Thomas Urano, co-CIO and managing partner at Sage Advisory, told 'As such, we saw significant rebalancing flows out of fixed income into equities across multiple balanced portfolio platforms.' The bond market performance served as a proper portfolio diversified, allowing for portfolio rebalancing when asset allocation weights drifted offsides, Urano added. While there's no fixed-income class in the mutual-fund wrapper that hasn't experienced outflows of late, according to Bloomberg, ETFs are faring much better. The JPMorgan Core Plus Bond ETF (JCPB), for instance, experienced $177.5 million of net inflows in April, data show. The flow story is different for the more expensive, actively managed fixed-income ETFs. The JPMorgan Ultra-Short Income ETF (JPST) and Janus Henderson AAA CLO ETF (JAAA) experienced net outflows in April, according to data, of 904.3 million and 1.1 billion, | © Copyright 2025 All rights reserved
Yahoo
26-03-2025
- Business
- Yahoo
Global Active ETF Assets Hit Record High $1.3 Trillion
Active exchange-traded funds are experiencing unprecedented growth in 2025, with global assets reaching a new record of $1.3 trillion at the end of February, according to ETFGI's latest industry report. The expansion of actively managed ETFs highlights a shift in how investors access active management, with these products now accounting for nearly 9% of the U.S. ETF market compared to just 2% in 2019, according to data from Morningstar Direct, highlighting the growing investor appetite for active strategies in the ETF wrapper. February's inflows of $51.7 billion pushed year-to-date net inflows to $103.7 billion, the highest on record and well above the $46.4 billion seen during the same period in 2024, according to ETFGI. Within the United States specifically, active ETFs are approaching the major $1 trillion milestone, with total net assets reaching $956 billion as of February 2025, according to Morningstar Direct. The active ETF market has maintained impressive momentum despite varying market conditions. While the S&P 500 decreased by 1.3% in February, active ETF assets continued to climb, according to ETFGI. According to Morningstar's manager research team, "Exchange-traded funds used to be synonymous with passive investing. At the start of 2019, actively managed ETFs represented just over 2% of the U.S. ETF market. Since then, organic growth for the active ETF market has consistently exceeded 20% per year." Equity-focused active ETFs led inflows during February, gathering $25.1 billion globally and bringing year-to-date inflows to $51.5 billion, according to ETFGI. Fixed-income active ETFs followed closely with $22.1 billion in February inflows. The Janus Henderson AAA CLO ETF (JAAA) topped the individual fund rankings with $2 billion in net new assets during February, according to ETFGI data. The JPMorgan Ultra-Short Income ETF (JPST) and iShares High Yield Muni Active ETF (HIMU) followed, with $1.9 billion and $1.8 billion in new assets, respectively. U.S. active ETF growth has been robust, with January seeing active ETFs pull in a record $43 billion, according to Morningstar Direct. The global active ETF marketplace now encompasses 3,395 products with 4,354 listings from 543 providers across 40 exchanges in 32 countries, according to ETFGI's February | © Copyright 2025 All rights reserved
Yahoo
16-03-2025
- Business
- Yahoo
JPST Loses $318M as Outflows Pressure Corporate Bond ETFs
The JPMorgan Ultra-Short Income ETF (JPST) experienced outflows of $318.2 million amid continued market volatility, according to daily fund flows data. The ultra-short bond fund's decline came as investors rotated away from corporate debt exposure. The Vanguard Short-Term Corporate Bond ETF (VCSH) saw $282.4 million in outflows and iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) lost $281.1 million. The shift away from corporate debt coincided with the S&P 500 falling into correction territory Thursday, down 10.1% from its February record high. On the inflows side, the Vanguard S&P 500 ETF (VOO) attracted $1.07 billion as investors sought core equity exposure. The iShares Core S&P 500 ETF (IVV) pulled in $894.4 million, while the Financial Select Sector SPDR Fund (XLF) gained $478.4 million. U.S. fixed-income funds led asset classes with $1.9 billion in inflows, while U.S. equity ETFs gained $792.9 million despite market turbulence. Overall industry flows totaled $3.6 billion, with currency ETFs posting the largest losses at $400.4 million as trade tensions escalated following new tariff threats. Ticker Name Net Flows ($, mm) AUM ($, mm) AUM % Change VOO Vanguard S&P 500 ETF 1,076.61 588,114.57 0.18% IVV iShares Core S&P 500 ETF 894.36 558,414.06 0.16% SPY SPDR S&P 500 ETF Trust 695.45 598,191.09 0.12% QQQ Invesco QQQ Trust Series I 613.46 299,701.15 0.20% BIL SPDR Bloomberg 1-3 Month T-Bill ETF 535.43 41,054.08 1.30% XLF Financial Select Sector SPDR Fund 478.40 49,619.88 0.96% AGG iShares Core U.S. Aggregate Bond ETF 403.73 124,977.74 0.32% AVLV Avantis U.S. Large Cap Value ETF 340.33 5,892.62 5.78% GLD SPDR Gold Shares 322.86 84,240.49 0.38% PIEQ Principal International Equity ETF 319.68 736.97 43.38% Ticker Name Net Flows ($, mm) AUM ($, mm) AUM % Change MTUM iShares MSCI USA Momentum Factor ETF -797.00 13,519.51 -5.90% RSP Invesco S&P 500 Equal Weight ETF -550.05 71,831.99 -0.77% XLU Utilities Select Sector SPDR Fund -360.12 17,372.95 -2.07% SRLN SPDR Blackstone Senior Loan ETF -330.23 8,396.10 -3.93% BKLN Invesco Senior Loan ETF -330.06 8,934.65 -3.69% JPST JPMorgan Ultra-Short Income ETF -318.21 30,924.75 -1.03% VCSH Vanguard Short-Term Corporate Bond ETF -282.38 34,486.36 -0.82% LQD iShares iBoxx $ Investment Grade Corporate Bond ETF -281.07 31,036.89 -0.91% VTI Vanguard Total Stock Market ETF -265.87 438,344.81 -0.06% IGV iShares Expanded Tech-Software Sector ETF -250.71 9,706.18 -2.58% Net Flows ($, mm) AUM ($, mm) % of AUM Alternatives -136.06 9,358.29 -1.45% Asset Allocation 28.54 22,937.12 0.12% Commodities ETFs 307.56 184,612.39 0.17% Currency -400.36 103,822.84 -0.39% International Equity 939.17 1,632,228.12 0.06% International Fixed Income -119.41 278,350.53 -0.04% Inverse 5.24 13,329.98 0.04% Leveraged 267.23 102,216.72 0.26% Us Equity 792.91 6,396,535.96 0.01% Us Fixed Income 1,933.22 1,621,771.58 0.12% Total: 3,618.04 10,365,163.53 0.03% Disclaimer: All data as of 6 a.m. ET on the date the article is published. Data are believed to be accurate; however, transient market data are often subject to subsequent revision and correction by the | © Copyright 2025 All rights reserved
