JP Morgan's Multi-Factor High Yield Bond ETF smartly silences the critics

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Allan Lane, Algo-Chain

The next iteration in the evolution of Fixed Income ETFs continues apace with the recent launch of JPMorgan's Global High Yield Corporate Bond Multi-Factor UCITS ETF, complete with ticker JGHY and an annual management fee of 0.35 per cent.

There has been a very positive reaction around this product as it is the first Fixed Income ETF that positions itself in the multi-factor camp. Fixed Income factors, I hear you say, what on earth are those? Well, it's a long story, but on many levels a simple story at that. To unearth its origins, though, one has to turn the clock back to the 1980s when the Global Financial Crisis of 2008 was a mere twinkle in Michael Milken's eye. 

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