VBR - J.P. Morgan Asset Management launches an actively managed small-cap ETF

2023-03-08 10:37:51 ET

J.P. Morgan Asset Management unveiled its latest exchange traded fund on Wednesday, with the debut of the JPMorgan Active Small Cap Value ETF ( NYSEARCA: JPSV ).

JPSV is an actively managed small cap-focused fund that aims to outperform the Russell 2000 Value Index. The firm says it plans to use a bottom-up approach to invest in small-cap stocks with attractive fundamentals. The approach involves searching for organizations with strong management, less cyclicality, flexible capital allocation and attractive valuations.

Additionally, JPSV will trade on the New York Stock Exchange and it comes attached with a 0.75% expense ratio. It will trade alongside the 46 other ETFs managed by J.P. Morgan Asset Management’s portfolio.

From a holdings perspective JPSV’s top three positions include Selective Insurance Group ( SIGI ) with a 2.24% weighting, followed by Comfort Systems USA ( FIX ) and Patterson Companies ( PDCO ) which both have 1.49% weightings.

At some level, the fund will find itself competing alongside other small-cap and small-cap value funds. Big players in this niche include the Vanguard Small Cap Value ETF ( NYSEARCA: VBR ), Avantis U.S. Small Cap Value ETF ( NYSEARCA: AVUV ), iShares Russell 2000 ETF ( NYSEARCA: IWM ) and the Schwab U.S. Small-Cap ETF ( SCHA ).

In broader market news, markets showed choppy trading on Wednesday as Wall Street braces for Jerome Powell’s second address in Washington D.C.

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