2023-03-17 09:26:27 ET
J.P. Morgan Asset Management announced the unveiling of its latest exchange traded fund, launching the JPMorgan Active China ETF ( NYSEARCA: JCHI ). JCHI is meant to offer investors access to a "best ideas" portfolio of Chinese equities, while also remaining aware of macro and policy considerations and headwinds.
JCHI manages 53 different positions, with its top three weighted names coming in with Tencent Holdings ( OTCPK:TCEHY ) at 9.44%, China Merchants Bank ( OTCPK:CIHKY ) at 4.23%, and Alibaba Group Holding Limited ( NYSE: BABA ) at 3.50%.
From a sector coverage viewpoint, the exchange traded fund offers exposure to all of the 11 S&P sectors but is most heavily geared towards the Consumer Discretionary, Communication Services, and Financials sectors at 18.4%, 13.8%, and 12.6%, respectively.
Additionally, JCHI will trade on the New York Stock Exchange and it comes attached with a 0.65% expense ratio. It will trade alongside the 47 other ETFs managed by J.P. Morgan Asset Management.
The new actively managed China focused fund will find itself fighting for market share among some of the other larger funds that cover the greater China region. Some competitor funds include the following:
- iShares MSCI China ETF ( MCHI )
- KraneShares CSI China Internet ETF ( KWEB )
- iShares China Large-Cap ETF ( FXI )
- SPDR S&P China ETF ( GXC )
- Invesco China Technology ETF ( CQQQ )
In related news, J.P. Morgan Asset Management also recently unveiled the JPMorgan Active Small Cap Value ETF ( JPSV ) earlier in the month.
For further details see:
J.P. Morgan Asset Management unveils an actively managed China-focused ETF