JPMorgan Asset Management announced that the JPMorgan Diversified Return Emerging Markets Equity ETF (JPEM) officially listed for trading today, further expanding the bank's strategic beta ETF suite.
JPEM, like its predecessors JPGE and JPIN, seeks to provide investors with enhanced risk-adjusted returns and to help financial advisors keep clients invested in equities over the long term, the company said.
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"We believe that JPMorgan has emerging markets capabilities and investment insights that will be attractive to investors, and this product is an important additional step in delivering those capabilities, with an eye toward better risk-adjusted returns," said Robert Deutsch, Global Head of ETFs for JPMorgan Asset Management.
Separately, TheStreet Ratings team rates JPMORGAN CHASE & CO as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate JPMORGAN CHASE & CO (JPM) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, increase in stock price during the past year, impressive record of earnings per share growth and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow."