TT - J.P. Morgan Asset Management launches a climate change solutions ETF
J.P. Morgan Asset Management has launched the JPMorgan Climate Change Solutions ETF (TEMP), the company's first actively managed sustainability fund. TEMP is an actively managed thematic ETF that aims to recognize and invest in corporations relevant to climate change solutions. The fund focuses on specific sub-themes such as sustainable transportation, sustainable construction, sustainable food and water, renewable energy, recycling, and other areas. George Gatch, Chief Executive Officer, J.P. Morgan Asset Management, stated: "While nearly all sustainable U.S. ETF assets are managed through passive indices, this fund takes an active approach to finding companies that are developing solutions to address climate change. We believe that active management provides a great pathway to achieving clients' sustainability goals, and TEMP is the first in the series of sustainable, thematic, active strategies we are building to address client demand in this area." The new ETF trades on the New York Stock Exchange, comes with 68
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J.P. Morgan Asset Management launches a climate change solutions ETF