[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-seo-571110-105":3,"detail-sidebar-cat-1-en-105":81,"doc-detail-571110-en":126},{"code":4,"msg":5,"data":6},0,"ok",{"site_id":7,"language":8,"slug":9,"title":10,"keywords":11,"description":12,"schema_data":13,"social_meta":74,"head_meta":76,"extra_data":78,"updated_unix":80},105,"en","2020-j-p-morgan-global-etf-handbook-june-2020-exchange-traded-funds-etfs","2020 J. P. Morgan Global ETF Handbook - June 2020 - Exchange Traded Funds (ETFs)","","2020 J. P. Morgan Global ETF Handbook (June 2020) provides a structured overview of exchange traded funds (ETFs), explaining what ETFs are, key characteristics, and practical advantages for investors seeking market or benchmark exposure through exchange trading. It covers ETF market dynamics, including developments and performance through the crisis, and discusses managed risk and defined outcome ETFs. The handbook further surveys region-specific listed ETFs across the US, Canada & Latin America, EMEA, and Asia-Pacific, with end notes and contact, disclaimer, and disclosure sections.",{"@graph":14,"@context":73},[15,34,56],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/template/","Template",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/template/presentations/","Presentations",3,{"item":32,"name":10,"@type":21,"position":33},"https://docshare.wps.com/template/2020-j-p-morgan-global-etf-handbook-june-2020-exchange-traded-funds-etfs/571110/",4,{"url":32,"name":10,"@type":35,"image":36,"author":41,"headline":10,"publisher":44,"fileFormat":47,"inLanguage":8,"description":12,"dateModified":48,"datePublished":49,"encodingFormat":47,"isAccessibleForFree":50,"interactionStatistic":51},"DigitalDocument",{"url":37,"@type":38,"width":39,"height":40},"https://docshare.wps.com/thumbnails/2020-j-p-morgan-global-etf-handbook-june-2020-exchange-traded-funds-etfs/571110.png","ImageObject",442,249,{"name":42,"@type":43},"Aria Callaghan","Person",{"url":19,"name":45,"@type":46},"DocShare","Organization","application/pdf","2026-10-22","2026-10-13",true,{"@type":52,"interactionType":53,"userInteractionCount":55},"InteractionCounter",{"@type":54},"ViewAction",5,{"@type":57,"mainEntity":58},"FAQPage",[59,65,69],{"name":60,"@type":61,"acceptedAnswer":62},"What does each ETF share represent?","Question",{"text":63,"@type":64},"Each ETF share represents fractional ownership in a portfolio of securities, commodities, or other instruments.","Answer",{"name":66,"@type":61,"acceptedAnswer":67},"How do ETFs typically achieve market or benchmark exposure?",{"text":68,"@type":64},"Index-linked ETFs generally track underlying benchmarks because ETF trading occurs at or close to the ETF’s net asset value (NAV) on the exchange, enabling exposure via a single security.",{"name":70,"@type":61,"acceptedAnswer":71},"How do ETF liquidity and creation orders work?",{"text":72,"@type":64},"Authorized Participants generally can create new ETF shares, making an ETF as liquid as its underlying instruments; ETFs are issued in primary market blocks called Creation Units.","https://schema.org",{"og:url":32,"og:type":75,"og:title":10,"og:site_name":45,"og:description":12},"article",{"robots":77,"canonical":32},"index,follow",{"doc_id":79,"site_id":7},571110,1792316598,{"code":4,"msg":82,"data":83},"success",[84,88,93,98,103,108,113,118,122],{"id":85,"doc_module":22,"doc_module_name":25,"category_name":29,"show_sort_weight":86,"slug":87},11,90,"presentations",{"id":89,"doc_module":22,"doc_module_name":25,"category_name":90,"show_sort_weight":91,"slug":92},12,"Resumes",80,"resumes",{"id":94,"doc_module":22,"doc_module_name":25,"category_name":95,"show_sort_weight":96,"slug":97},14,"Invoices",70,"invoices",{"id":99,"doc_module":22,"doc_module_name":25,"category_name":100,"show_sort_weight":101,"slug":102},15,"Posters",60,"posters",{"id":104,"doc_module":22,"doc_module_name":25,"category_name":105,"show_sort_weight":106,"slug":107},16,"Social Media",50,"social-media",{"id":109,"doc_module":22,"doc_module_name":25,"category_name":110,"show_sort_weight":111,"slug":112},17,"Forms",40,"forms",{"id":114,"doc_module":22,"doc_module_name":25,"category_name":115,"show_sort_weight":116,"slug":117},18,"Letters",30,"letters",{"id":119,"doc_module":22,"doc_module_name":25,"category_name":120,"show_sort_weight":55,"slug":121},21,"Paper Templates","papers-templates",{"id":123,"doc_module":22,"doc_module_name":25,"category_name":124,"show_sort_weight":4,"slug":125},158,"General","general-158",{"code":4,"msg":82,"data":127},{"doc_id":79,"user_id":128,"nickname":42,"user_avatar":129,"doc_module":22,"category_id":85,"category_name":29,"doc_title":10,"doc_description":12,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":55,"is_deleted":4,"is_public":22,"is_downloadable":22,"audit_status":22,"page_count":135,"language":136,"language_code":8,"site_id":7,"html_lang":8,"table_of_contents":137,"faqs":138,"seo_title":139,"seo_description":12,"update_tm":140,"read_time":141},962084926284,"https://ap-avatar.wpscdn.com/davatar_29158cc5080c5b710cf443261637dec0","Exchange Traded Funds (ETFs)  \n2020 J. P. Morgan Global ETF Handbook  \nThis is intended for informational use only and is not intended as an offer to sell or buy shares of any ETF listed herein.  \nCopyright 2020 JPMorgan Chase & Co. All rights reserved.  \nThis document is being provided for the exclusive use of Robin Wigglesworth at FINANCIAL TIMES LIMITED(THE) .  \n2  \nJune 2020  \nETFs are designed to allow an investor to quickly and easily obtain a desired market or benchmark exposure, by trading just a single security. ETF shares may offer intraday liquidity, and continuous, real-time trading and pricing.  \nJ.P.Morgan ETF Research  \nMarko Kolanovic, PhD  \n[marko.kolanovic@jpmorgan.com](marko.kolanovic@jpmorgan.com)  \nBram Kaplan, CFA  \n[bram.kaplan@jpmorgan.com](bram.kaplan@jpmorgan.com)  \nThis document is being provided for the exclusive use of Robin Wigglesworth at FINANCIAL TIMES LIMITED(THE) .  \nTable of Contents  \nExchange Traded Funds – ETFs ............................................. 4  \nETF Market Overview............................................................... 6  \nDevelopments in ETF Markets ................................................. 8  \nETF Markets Through the Crisis ............................................ 16  \nManaged Risk/Defined Outcome ETFs .................................. 20  \nEnd Notes .............................................................................. 22  \nUS Listed ETFs ...................................................................... 23  \nCanada & Latin America Listed ETFs .................................... 39  \nEMEA Listed ETFs ................................................................. 47  \nAsia-Pacific Listed ETFs ........................................................ 83  \nContacts, Disclaimer & Disclosures ....................................... 99  \n3  \nThis document is being provided for the exclusive use of Robin Wigglesworth at FINANCIAL TIMES LIMITED(THE) .  \nExchange Traded Funds – ETFs  \nWhat are ETFs?  \nEach share of an ETF represents a fractional ownership interest in a portfolio of securities, commodities or other instruments. This investment medium has captured significant market interest during the last 10-15 years. As of the end of May 2020, total ETF assets under management (AUM) was ~$6 . 1Tr globally, up from $5 .6Tr a year ago, but down from a peak of ~$6 .4Tr earlier this year (see Figure 1 for a list and breakdown of regions included in this calculation) . In addition, the number of listed ETFs globally has grown to more than 8,700 (with~6,000 listed in the US and Europe) .  \nCharacteristics of ETFs  \nETFs have some characteristics that are similar to those of both stocksand mutual funds, but also have many differentiating characteristics. Like stocks, ETFs are listed on one or more stock exchanges. In some cases, they also trade in the third market (i.e. , over the counter) and through Electronic Communication Networks (ECNs) . Like mutual funds, ETFs are available on a wide range of both broad and narrow indices, or they can be actively managed. An ETF investor effectively can go long or sell short an entire portfolio of securities by trading a single listed ETF.1  \nAdvantages of Using ETFs  \nIndex-linked ETFs generally provide an effective way to track their underlying benchmarks because an ETF typically trades on the exchange at a price that is at or close to the net asset value (NAV) of the ETF.  \nIndex-linked ETFs are designed to allow an investor to obtain a desired market or benchmark exposure by trading just a single security. ETF shares are designed to offer intraday liquidity, and continuous, real-time trading and pricing. In many instances, ETFs can be sold short and can be purchased on margin by an investor seeking leverage.2  \nETFs may be structured to be more tax efficient than mutual funds. Mutual funds are often forced to liquidate portions of their holdings in order to pay investor redemptions in cash, which can gener","cbCaihooJ0dyo0Y5","https://ap.wps.com/l/cbCaihooJ0dyo0Y5","pdf",8302130,102,"English","# Exchange Traded Funds – ETFs\n## What are ETFs?\n## Characteristics of ETFs\n## Advantages of Using ETFs\n## Do ETFs Pay Dividends?\n## Liquidity and Trading\n## ETF Market Overview\n## Developments in ETF Markets\n## ETF Markets Through the Crisis\n## Managed Risk/Defined Outcome ETFs\n## End Notes\n## US Listed ETFs\n## Canada & Latin America Listed ETFs\n## EMEA Listed ETFs\n## Asia-Pacific Listed ETFs\n## Contacts, Disclaimer & Disclosures","[{\"question\":\"What does each ETF share represent?\",\"answer\":\"Each ETF share represents fractional ownership in a portfolio of securities, commodities, or other instruments.\"},{\"question\":\"How do ETFs typically achieve market or benchmark exposure?\",\"answer\":\"Index-linked ETFs generally track underlying benchmarks because ETF trading occurs at or close to the ETF’s net asset value (NAV) on the exchange, enabling exposure via a single security.\"},{\"question\":\"How do ETF liquidity and creation orders work?\",\"answer\":\"Authorized Participants generally can create new ETF shares, making an ETF as liquid as its underlying instruments; ETFs are issued in primary market blocks called Creation Units.\"}]","2020 J. P. Morgan Global ETF Handbook - June 2020 - Exchange Traded Funds (ETFs) | PDF",1791890348,36]