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Active building blocks

for a stronger core

Bottom up fundamental research

JPMorgan Global Research Enhanced Index Equity (JREG) JPMorgan Global Select Active ETF (JGLO)

Global core equity solutions for managed fund and ETF investors

ETFs
Mutual Funds

ETFs

Mutual Funds

Ratings are published by Lonsec Research Pty Ltd ABN: 11 151 658 561 AFSL 421 445 (Lonsec Research) a wholly owned subsidiary of Lonsec Holdings Pty Ltd ABN: 41 151 235 406 (Lonsec Group). Generation Development Group Limited ABN: 90 087 334 370 is the parent company of Lonsec Group. Ratings are general advice only and have been prepared without taking into account investors’ objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. The rating is not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and Lonsec Research assumes no obligation to update. Lonsec Research uses objective criteria and receives a fee from the Fund Manager. Except for any liability which cannot be excluded, no representation, warranty or undertaking, express or implied is made and no responsibility or liability is accepted by Lonsec Research, its directors, officers, employees and agents for any error or inaccuracy, misstatement or omission from this document or any loss or damage suffered by the recipient or any other person as a consequence of relying upon it. Visit lonsec.com.au for ratings information and to access the full report. © 2025 Lonsec. All rights reserved.

The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) ratings (assigned November 2024) referred to in this piece is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual, including target markets of financial products, where applicable, and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at Fund Research Regulatory Guidelines (https://www.zenithpartners.com.au/our-solutions/investment-research/regulatory-guidelines).

The funds seek to achieve their stated objectives, there is no guarantee they will be met. Diversification does not guarantee positive returns or eliminates risks of loss. Not all investments are suitable for all investors. Please refer to offering documents for further details.

JPMorgan Global Research Enhanced Index Equity (JREG) is the marketing name of the JPMorgan Global Research Enhanced Index Equity Active ETF.
JPMorgan Global Research Enhanced Index Equity (Hedged) (JRHG) is the marketing name of the JPMorgan Global Research Enhanced Index Equity (Hedged) Active ETF.
JPMorgan EM Research Enhanced Index Equity ETF (JREM) is the marketing name of the JPMorgan Emerging Markets Research Enhanced Index Equity Active ETF.

This information is generic in nature and does not take into account any specific investors’ objectives and should not be treated as offer, research or investment advice. Investors should seek financial advice. Investors should review fund’s Product Disclosure Statement and Target Market Determination (available on https://am.jpmorgan.com/au) to understand the various risks associated with investing in the Fund and in making any investment decision. Risk management does not imply elimination of risks. Provided to illustrate the investment process. Dividend or returns are not guaranteed. ETFs have fees that reduce their performance, indexes do not. Investors cannot directly invest in an index.

Optimism about generative artificial intelligence (AI) and earnings resilience have driven US stocks to record highs. While the US market remains a crucial source of alpha, there is an increasing appreciation among investors for the need to diversify return streams by seeking opportunities elsewhere. Merits of investing in international equities include:

Diversification¹

Seeking quality opportunities with a global lens can help buffer against market or region-specific risks, lower correlations across individual holdings and potentially reduce the volatility of the overall portfolio.

Going global also helps expand the opportunity set, widening the range of companies that active managers can select, whether across regions, sectors or currencies.

Structural trends are seldom local

Not all structural themes can be accessed through one geographical market alone. While certain AI-related companies in the US have become household names, there are plenty of lesser known companies in Taiwan, South Korea and Europe that play niche, yet significant roles, in key nodes of the tech supply chain and are beneficiaries of the growing demand for AI-related products.

Indexed ETF strategy

Indexed ETF strategies provide consistent, cost-effective core solutions for investors looking to build efficient broad market exposure. However, with equity markets volatile and returns expected to be lower over the long term, growth-oriented investors may wish to explore opportunities to seek excess returns as part of a diversified portfolio.

By blending active stock selection with passive index exposure within a robust investment framework, our Research Enhanced Index (REI) Equity Funds and ETFs seek positive alpha at low tracking error, providing a range of highly efficient tools that can be used to complement existing core portfolios, add diversification or to implement tactical views.

Global Select Equity Strategy

The JPMorgan Global Select Equity Strategy has achieved competitive and consistent performance in different market environments by harnessing a disciplined, bottom-up, research-driven approach that has been in place for over three decades. Differentiated insights driven by a well-resourced equities research platform has helped the strategy unearth high quality opportunities with relatively attractive valuations regardless which investing style is in vogue. Over the years, this tried-and-tested approach has helped the portfolio achieve consistent performance in both growth-led and value-led market environments.

This long established strategy has been launched as active ETFs and mutual funds in the Australian market.

~80

Research analysts

Investment expertise

Highly experienced portfolio managers are backed by the insight of about 80 career analysts around the globe.

2,500+

Global stock coverage

Information advantage

Our analysts produce normalised and sustainable earnings forecasts for more than 2,500 stocks across global markets.

30+

Years of track record

A time-tested approach

Our proprietary research platform has been in place for over three decades and has navigated through positive, negative, growth-led or value-led market environments.

Provided for information only based on market conditions, not to be construed as offer, investment recommendation or advice. Opinions, statements, and any forward looking statements are based upon current beliefs and expectations, they may or may not come to pass. Past performance is not a guide to current and future performance. Not all investments are suitable for all investors. Investors should seek financial advice and make independent evaluation before investing. Data as of 31.03.2024.

1. Diversification does not guarantee investment return and does not eliminate the risk of loss.

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A hybrid approach

Our REI approach takes small active positions in stocks based on our proprietary fundamental insights, while also keeping regional, sector and style exposures close to the index at all times to maintain a consistently low tracking error. The goal is to maximise stock-specific alpha opportunities and to minimise uncompensated market, sector and style risks—all while maintaining a competitive fee.

An interview with the Portfolio Manager

In this 4 minute video, Piera Elisa Grassi, Portfolio Manager, provides a brief summary of the strategy, how it can fit within a diversified portfolio and how she manages the strategy across market conditions

Active building blocks for a stronger core

Global core equity solutions for managed fund and ETF investors

JPMorgan Global Research Enhanced Index Equity Active ETF

JPMorgan Global Select Equity Active ETF

JPMorgan Emerging Markets Research Enhanced Index Equity Active ETF

JPMorgan Global Research Enhanced Index Equity Trust - Class A Units

JPMorgan Global Select Equity Fund - Class A Units

Lonsec Rating

Management fees and costs