JPMorgan Launches Active International Equity ETF Amid Growing Investor Interest in Global Diversification

JPMorgan has launched an actively managed international equity ETF called JPMorgan International Dynamic ETF (JIDE). The fund invests in large- and midcap stocks across developed markets outside North America and targets the $2 trillion foreign large blend category. JIDE holds 118 positions with sector allocations weighted toward financials, industrials, and consumer discretionary. The fund charges a 55 basis point net expense ratio. JPMorgan is the world's largest active ETF issuer with a product lineup that has grown through the addition of active equity strategies beyond its flagship covered call products.