JP Morgan Launches New Active, Thematic, Sustainable ETFs

J.P. Morgan Asset Management has launched the JPMorgan Sustainable Consumption ETF (CIRC), JPMorgan Social Advancement ETF (UPWD) and JPMorgan Sustainable Infrastructure ETF (BLLD). 

CIRC will focus on companies that help preserve natural resources and improve resource use or reduce waste, while BLLD will invest in companies developing “sustainable infrastructure to facilitate a sustainable and inclusive economy,” according to a company statement.  

UPWD will invest in companies responsible for facilitating economic empowerment for people across the socioeconomic spectrum.  

The three funds are the latest installment in the bank’s foray into active sustainable thematic ETFs, joining the JPMorgan Climate Change Solutions ETF (TEMP), which debuted in December 2021. 

“We are seeing strong demand from clients for active sustainable investing solutions that give them access to specific companies and sectors that are driving major global trends,” said George Gatch, CEO at J.P. Morgan Asset Management. 

The addition of CIRC, UPWD, and BLLD brings J.P. Morgan Asset Management’s full US suite of ETFs to 48 products with more than $78 billion in assets under management. The funds will be listed on NASDAQ.