J.P. Morgan Paris Aligned ETF: euro class JPAE now trades on the London Stock Exchange

The euro-denominated accumulating class of the JPM All Country Research Enhanced Index Equity Paris Aligned Active UCITS ETF has joined the US dollar class JPAW in London, three months after its debut in Milan and Frankfurt.

The active ETF invests in global equities, including emerging markets, and follows the decarbonisation constraints of a Paris-Aligned Benchmark. The euro class has been listed on Borsa Italiana and Deutsche Börse since 12 June 2026, the same day the US dollar class JPAW was admitted to trading in London. With this listing, both share classes of the fund are now available on the LSE.

JPAE on the London Stock Exchange: listing details

The key features of the new London line are:

Full name: JPM All Country Research Enhanced Index Equity Paris Aligned Active UCITS ETF – EUR (acc)

ISIN: IE00063SATO1

WKN: A427HH

Ticker: JPAE

Trading currency on LSE: EUR

Total expense ratio (TER): 0.25%

Distribution policy: accumulating

Domicile: Ireland (JPMorgan ETFs ICAV), UCITS

SFDR classification: Article 8

Risk indicator (SRI): 4 on a scale of 1 to 7, as shown on the issuer’s product page

US dollar and euro classes of the active Paris Aligned ETF in London

The US dollar accumulating class, JPAW (ISIN IE0002VU15G5, WKN A427HL), was admitted to trading on the London Stock Exchange on 12 June 2026. As reported by ETFWorld.co.uk at the time, it trades in London on two lines: one in sterling pence (GBX, SEDOL BNTYWF2) and one in US dollars (USD, SEDOL BNTYWC9).

The addition of JPAE gives London-based investors a third trading line on the same fund, this time in euro. The two share classes have the same TER of 0.25%, the same accumulating policy and the same SFDR Article 8 classification. They differ only in their base currency.

Fund size and NAV

J.P. Morgan Asset Management reports the following data as at 22 September 2026:

Sub-fund size: EUR 1.47 billion

NAV per share of the EUR (acc) class: EUR 26.1427

The sub-fund size refers to the fund as a whole, across all share classes, not to the euro class alone.

When the fund started trading in June, the issuer stated that it had received initial capital of approximately $1.5 billion. This came from the merger with the JPMorgan Funds – Global Research Enhanced Index Equity Paris Aligned Fund.

The Research Enhanced Index range and the Paris-aligned series

At the June launch, J.P. Morgan Asset Management described the fund as its fifth active ETF aligned with the objectives of the Paris Agreement and the fifteenth in its Research Enhanced Index (REI) range.

The issuer provided the following figures at that time:

The REI range as a whole had 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 managed $3.56 billion.

With the addition of the all-country fund, the Paris-aligned component rose to over $5 billion.

The all-country fund extends the series to a single global portfolio that includes emerging markets. According to the issuer, the REI Paris Aligned series now covers all major investment regions with actively managed instruments.

Investment objective and benchmark

The fund aims to achieve, over the medium to long term, a return in excess of the Solactive ISS ESG Screened Paris Aligned (PAB) Global Markets Index NTR. It does so while adhering to the decarbonisation constraints set out in the Paris Agreement.

Investment process of the active ETF

The strategy is based on bottom-up fundamental stock selection. It draws on J.P. Morgan Asset Management’s global research platform, which, according to the issuer, employs around 80 analysts and covers more than 2,500 companies.

The main elements of the process are:

Allocations close to the benchmark: country, sector and style weights are deliberately kept close to those of the reference index.

Stock-level active positions: the managers overweight stocks with above-average upside potential and underweight those deemed overvalued.

Risk controls: the portfolio is built within defined risk parameters, to limit unhedged exposures to factors, sectors or market beta.

Paris-Aligned Benchmark requirements

The strategy incorporates the decarbonisation pathways required of a Paris-Aligned Benchmark (PAB) under the European regulation on climate benchmarks. These rules require an initial carbon footprint significantly lower than that of the investable market. They also set an annual emissions reduction pathway.

Management team

The fund is managed by the team led by Piera Elisa Grassi, Head of Global and International REI at J.P. Morgan Asset Management. The portfolio managers are Sebastian Wiseman, Winnie Cheung and Nicholas Farserotu.

At the time of the June launch, 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.”

Conclusions

From 23 September 2026, the JPM All Country Research Enhanced Index Equity Paris Aligned Active UCITS ETF trades on the London Stock Exchange in both of its share classes: JPAW in US dollars and sterling pence, and JPAE in euro. The euro class is now listed in London, Milan and Frankfurt. As at 22 September 2026, the sub-fund had assets of EUR 1.47 billion. The fund combines active stock selection, with allocations kept close to the benchmark, and the decarbonisation constraints of a Paris-Aligned Benchmark, at a TER of 0.25%.