J.P. Morgan Launches JLVP ETF, Expanding Active Extension Strategy Offerings
J.P. Morgan Asset Management has launched the JPMorgan U.S. Large Cap Value Plus ETF (JLVP) on Nasdaq as its first actively managed extension strategy in an ETF format. The fund aims for long-term capital appreciation by combining a large-cap portfolio with both long and short positions, leveraging the firm's institutional expertise in equity research and risk management. The strategy is co-managed by Scott Blasdell and Jim Brown, drawing on over 45 years of combined experience and J.P. Morgan’s U.S. equities team of 60 analysts. The fund utilizes a long/short approach to generate alpha through selective short positions that help finance additional long investments. JPMorgan is temporarily waiving part of JLVP's management fee, reducing it from the standard 65 basis points to 49 basis points until February 29, 2028. The firm currently manages $25 billion in global equity extension strategies and aims to expand access for a broader range of investors.
Tickers: $JPM
Topics: active management ETF J.P. Morgan long/short strategy