Alternative Investments/ESG: JPMorgan Launches Carbon Transition U.S. Equity ETF

The JPMorgan Carbon Transition U.S. Equity exchange-traded fund (JCTR) will begin trading on the New York Stock Exchange today.

The JPMorgan Carbon Transition U.S. Equity exchange-traded fund (JCTR) will track the JPMorgan Asset Management Carbon Transition U.S. Equity Index.

The new fund will give investors exposure to U.S. equities represented by the Russell 1000 subject to their performance on the criteria of emissions, resource management, and risk management.

A proprietary research framework will identify companies that are making positive changes to reduce their carbon footprint. The framework will use natural language processing tools on data from companies and alternative sources to identify which of them are preferable. (CISION PRNewswire)

JPMorgan Carbon Transition U.S. Equity ETF (JCTR)

Investors can expect to achieve from JCTR at least 30% less carbon intensity than the Russell 1000 index, and a year-on-year de-carbonization target of at least 7%, in line with the EU Climate Transition Benchmark (CTB) framework for sustainable investing.

Jennifer Wu, Global Head of Sustainable Investing at J.P. Morgan Asset Management, said: “Investing in carbon transition aware strategies needs to start now. Differences are emerging between the potential winners and losers in the low carbon transition, and by acting early, before climate risks and opportunities are fully priced in, investors can capture potentially significant returns as prices continue to adjust.”

Bryon Lake, Head of Americas Client ETF, J.P. Morgan Asset Management, comments: “Our sustainable strategy allows investors to embrace long-term carbon transition trends and consider the most relevant risks and opportunities across all sectors while maintaining a low tracking error and cost-efficiency.”

Last month, JPMorgan Asset Management launched the JPM Carbon Transition Global Equity UCITS ETF – USD (acc). It provides investors exposure to companies that contribute to a reduction in carbon dioxide emissions. These are large or medium-size companies from industrial countries globally and are constituents of the MSCI World Index.

This ETF tracks the JPMorgan Asset Management Carbon Transition Global Equity Index.

Related Story:   JP Morgan Launches Carbon Transition Focused Equity ETF

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