J.P. Morgan Asset Management has introduced the JPMorgan Carbon Transition U.S. Equity ETF (JCTR, with a 0.15% net expense ratio) on the New York Stock Exchange.
The new, sustainable exchange-traded fund offers core exposure to U.S. equities and is out to offer investors at least 30% less carbon intensity than the Russell 1000 index, and a year-on-year de-carbonization target of at least 7%. That is in line with the EU Climate Transition Benchmark framework for sustainable investing, the firm says.
“JCTR will use a forward-looking proprietary research framework to identify which companies, across all sectors, may be best positioned to benefit from the transition to a low carbon economy,” according to the firm.
JCTR will track the JPMorgan Asset Management Carbon Transition U.S. Equity Index that was built to achieve a meaningful reduction in carbon intensity without relying on exclusions or sector deviations, it says.
Including JCTR, J.P. Morgan Asset Management’s U.S. ETF suite now features 32 product offerings with more than $40 billion in assets under management, it says.
TrimTabs Adds 2 New ETFs
TrimTabs Asset Management has launched two new ETFs on the Cboe BZX Exchange: the TrimTabs Donoghue Forlines Risk Managed Innovation ETF (DFNV, 0.69%) and TrimTabs Donoghue Forlines Tactical High Yield ETF (DFHY, 0.95%).
The funds have been launched in partnership with Donoghue Forlines, a tactical investment firm that specializes in risk-managed portfolio solutions.
DFNV aims to track the performance of the TrimTabs Donoghue Forlines Risk Managed Free Cash Flow Innovation Index. The rules-based Index seeks to provide risk-managed exposure to U.S. publicly traded companies with strong free cash flow and strong research and development spending, TrimTabs says.
DFHY is designed to track the performance of the TrimTabs Donoghue Forlines Tactical High Yield Index. That index also follows a rules-based strategy that employs a tactical overlay driven by a technical signal to determine a bullish or defensive posture.
“Should market conditions warrant defensive positioning, the tactical overlay” of DFHY “will trigger a move that will shift 80% of the portfolio into intermediate-term U.S. Treasury ETFs,” the firm explains. “When a more bullish posture is indicated, the Index and Fund will shift to positions in High Yield Fixed Income ETFs.”
The two new funds join the existing family of TrimTabs ETFs that were recently renamed to better reflect the funds’ focus on free cash flow. The older funds are now known as: the TrimTabs US Free Cash Flow Quality ETF (TTAC) and TrimTabs International Free Cash Flow Quality ETF (TTAI).