J.P. Morgan launches dividend leaders ETF in New York
- J.P. Morgan Asset Management has launched the JPMorgan Dividend Leaders ETF (JDIV) on the NYSE Arca.
- The fund aims to invest at least 80% of its assets in dividend-paying equity securities of companies recognized for their ability to maintain high dividend payouts.
- This launch reflects J.P. Morgan's commitment to providing innovative investment solutions and positions them as a leader in the active ETF market.
On September 26, 2024, J.P. Morgan Asset Management announced the launch of the JPMorgan Dividend Leaders ETF (JDIV), which is now available on the NYSE Arca. This new active exchange-traded fund is designed to invest a minimum of 80% of its assets in dividend-paying equity securities and related instruments. The focus is on companies that are considered leaders in their capacity to grow or maintain substantial dividend payouts, particularly in comparison to those included in the MSCI ACWI Index. The management team for the fund consists of experienced professionals, including Sam Witherow, Helge Skibeli, and Michael Rossi, who bring a wealth of expertise in income portfolios and equity research. This strategic move is aligned with the investment philosophy behind the long-established J.P. Morgan Global Dividends Fund, indicating a consistent approach to managing investment vehicles. J.P. Morgan Asset Management is recognized as a significant player in the active ETF market, ranking second in assets under management (AUM) for active ETFs and eighth overall. The fund is benchmarked against the MSCI ACWI Index and is competitively priced at 47 basis points, making it an attractive option for investors seeking dividend income. This launch not only enhances J.P. Morgan's product offerings but also reflects the growing demand for innovative investment solutions in the ETF space, positioning the firm to better serve its clients in a competitive financial landscape.