Alternative Investments/Real Estate: JPMorgan Converts A Realty Income Fund To ETF

https://dailyalts.com/wp-content/uploads/2022/05/real-estate-g8e0d7e986_640.jpg

The asset manager converted its JPMorgan Realty Income Fund into the JPMorgan Realty Income ETF (NYSEARCA: JPRE)

The JPMorgan Realty Income Fund, an open-ended mutual fund which was in operation since January 1, 1998, has converted to the JPMorgan Realty Income ETF with effect from the close of business of May 20, 2022. The ETF seeks to provide high total investment return through a combination of capital appreciation and current income. (VettaFi/ETF Trends)

JPMorgan Realty Income ETF (NYSEARCA: JPRE)

The ETF Invests primarily in stocks of real estate investment trusts (REITs) by continuously screening the REIT universe and selecting companies that show superior financial strength, operating revenues and attractive growth potential.

Furthermore, the ETF uses an in-depth analysis of each REIT to evaluate whether each company’s current price fully reflects its long-term value.

“We [also] believe the combination of the mutual fund and ETF boards will allow shareholders to benefit from the boards’ substantial combined experience and better position us to deliver the highest value-add capabilities in a rapidly evolving industry,” said JPMAM CEO George Gatch.

The new ETF has a net expense ratio of 0.5%.

Conversion of mutual funds into ETFs

As of May 23, 2022, the fund assets amounted $1.11 billion.

Last month, JPMAM converted its JPMorgan Inflation Managed Bond Fund (JIMAX) into the JPMorgan Inflation Managed Bond ETF (JCPI).

The fund manager converted its JPMorgan Market Expansion Enhanced Index Fund (OMEAX) into the JPMorgan Market Expansion Enhanced Equity ETF (JMEE) earlier this month.

Related Story: JP Morgan Launches Carbon Transition Focused Equity ETF

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2022/07/graph-g80f55d5ee_640.png
FinTech: Klarna’s Valuation Plunges To $6.5B In Talks To Raise $650M (WSJ)
July 1, 2022     FinTech, Latest News, News

Klarna, the Swedish fintech known for its buy-now-pay-later (BNPL) financial product, is negotiating to raise $650 million at a valuation of $6.5 billion, which is a very sharp comedown from…

https://dailyalts.com/wp-content/uploads/2022/07/woman-g9c1c89a51_640.jpg
Venture Capital: OppZo, Which Funds Small Businesses Having Government Contracts, Raises $260M
July 1, 2022     News, Venture Capital

Fintech OppZo brings together investors and small businesses that need working capital loans for their government-facing businesses. Typically located in economically stressed areas of the country, these businesses represent an…

https://dailyalts.com/wp-content/uploads/2022/07/block-chain-gb76db3143_640.jpg
Alternative Investments/Digital: Jacobi To Launch Europe’s First Bitcoin ETF This Month

The Jacobi Bitcoin ETF, from Jacobi Asset Management, will have a number of firsts to its credit when it starts trading this month. It will be the first exchange-traded equity…

https://dailyalts.com/wp-content/uploads/2022/07/r4f167378_rrd.jpg
Artificial Intelligence: John Deere’s Advances in AI Powered Agriculture Machinery
July 1, 2022     Artificial Intelligence, News

John Deere (NYSE: DE) has achieved leadership in automated machinery powered by Artificial Intelligence (AI). The self-driving tractor pictured above was revealed in CES 2022 and has six pairs of…