J.P. Morgan Asset Management lists the global active ETF JPAW, aligned with the Paris Agreement, on the London Stock Exchange

The ETF is the firm’s fifth active product aligned with the Paris Agreement’s objectives and the fifteenth in the Research Enhanced Index (REI) range. The start of trading follows the merger with the JPMorgan Funds – Global Research Enhanced Index Equity Paris Aligned Fund, a transaction that gave the new vehicle an initial capital of approximately $1.5 billion.

The REI range as a whole thus reaches assets under management of $36.3 billion (as at 1 June 2026). The four Paris Aligned ETFs already listed – global (JSEG), US (JSEU), Europe (JSEE) and emerging markets (JSEM) – collectively manage $3.56 billion. With the addition of JPAW, the Paris-aligned component rises to over $5 billion and now covers the all-country universe, including emerging markets, with an active mandate.

JPAW is a US dollar-denominated UCITS accumulation ETF (ISIN IE0002VU15G5, WKN A427HL). A euro-denominated accumulation class, JPAE (ISIN IE00063SATO1, WKN A427HH), is also available. Both classes have a total expense ratio (TER) of 0.25% and are classified as Article 8 under the SFDR.

Management is entrusted to the team led by Piera Elisa Grassi, Head of Global and International REI, with portfolio managers Sebastian Wiseman, Winnie Cheung and Nicholas Farserotu. The fund’s objective is to achieve, over the medium to long term, a return in excess of that of the Solactive ISS ESG Screened Paris Aligned (PAB) Global Markets Index NTR, whilst adhering to the decarbonisation constraints set out in the Paris Agreement.

The investment process is based on a bottom-up fundamental selection, supported by J.P. Morgan Asset Management’s global research platform, which employs around 80 analysts and covers more than 2,500 companies. Allocations by country, sector and style are deliberately kept close to those of the benchmark; the managers overweight stocks with above-average upside potential and underweight those deemed overvalued. The portfolio is constructed within defined risk parameters, so as to limit unhedged exposures to factors, sectors or market beta. The strategy also incorporates the decarbonisation trajectories required by a Paris-Aligned Benchmark (PAB) in accordance with European regulations on climate benchmarks, which mandate an initial carbon footprint significantly lower than that of the investable market and an annual emissions reduction pathway.

Travis Spence, Global Head of ETFs at J.P. Morgan Asset Management, said: “We are delighted to retain our top position for inflows in active ETFs after the first five months of the year. By continuously aligning our offering with investor needs, we are able to succeed even in an increasingly competitive active ETF market. JPAW is launched with a broadly diversified sustainable portfolio and represents a good way to achieve sustainability goals with a global portfolio.”

The ETF is domiciled in Ireland and complies with UCITS regulations. The JPAW (USD) class and the JPAE (EUR) class are both income-accumulating. With this addition, J.P. Morgan Asset Management’s REI Paris Aligned series now covers all major investment regions with actively managed instruments.