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JPMorgan Introduces Data-Driven ETFs, Targets Core Equity Segments
JPMorgan Chase & Co. (NYSE:JPM) shares are trading higher Thursday. J.P. Morgan Asset Management (JPMAM) launched the JPMorgan Fundamental Data Science (FDS) Suite on the Nasdaq Stock Exchange.
The Suite includes three new active ETFs leveraging data science for portfolio construction – JPMorgan Fundamental Data Science Large Core ETF (LCDS), JPMorgan Fundamental Data Science Mid Core ETF (MCDS), and JPMorgan Fundamental Data Science Small Core ETF (SCDS).
The adviser uses a data science-driven approach to construct a fundamentally selected equity portfolio. This method is currently utilized in two strategies with over $15 billion in assets – the JPMorgan Applied Data Science Value Fund (JPIVX) and the equity portfolio of the JPMorgan Nasdaq Equity Premium Income ETF ...