J.P. Morgan Asset Management has expanded its active ETF lineup with the launch of the JPMorgan Managed Futures Plus ETF (JPFP), a new multi-asset fund aimed at investors seeking diversification beyond traditional stock-and-bond portfolios. The actively managed ETF began trading on Thursday and combines broad U.S. large-cap equity exposure with a managed futures strategy under a single fund structure.

Key Features Of JPFP

  • Actively managed multi-asset ETF
  • Combines U.S. equities with a managed futures strategy
  • Seeks long-term capital appreciation and portfolio diversification
  • Managed futures sleeve takes long and short positions across:
    • Global equities
    • Fixed income
    • Currencies
    • Commodities
  • U.S. equity sleeve focuses on large-cap stocks
  • Equity exposure may be implemented through:
    • Direct equity holdings
    • Equity index futures
  • Designed to offer low or negative correlation to stocks and bonds
  • Expense ratio set at 59 basis points
  • J.P. Morgan Asset Management ranked second globally in active ETF AUM as of May 21, 2026
  • Managed by the firm's $529 billion Multi-Asset Solutions group as of March 31, 2026

The launch comes as investors increasingly look for portfolio hedges amid persistent market volatility, elevated interest-rate uncertainty and shifting macroeconomic trends. According to J.P. Morgan Asset Management, JPFP is designed to provide long-term capital appreciation while offering low — and at times negative — correlation to both equities and fixed income.

"Managed futures have historically shown low correlation to both stocks and bonds, suitable for advisors looking for ways to diversify beyond traditional portfolios," said Travis Spence, Global Head of ETFs at J.P. Morgan Asset Management. He added that the ETF reflects the firm's ongoing push to expand its active ETF offering through simplified portfolio solutions.

With an AUM of $529 billion (as of March 31), J.P. Morgan Asset Management was ranked second globally in active ETF AUM as of May 21, according to FactSet data cited by Bloomberg.

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