JPMAM unveils sterling-hedged version of US treasury ETF

JPM BetaBuilders US Treasury Bond ETF launched this month

J.P. Morgan Asset Management (JPMAM) has launched a sterling-hedged version of the BetaBuilders US Treasury Bond ETF launched earlier this month.

The hedged product, trading under the ticker BBTP, is now available on the London Stock Exchange. Like the first US Treasury product, BBTP aims to offer liquid, low-cost beta exposure to dollar-denominated treasury bonds issued by the US government across the full yield curve. It will closely track the J.P. Morgan Government Bond Index United States at a total expense ration (TER) of 10bps. John Adu, co-head of ETF distribution, said: "We're continuing to listen to and respond to clients' needs for a range of cost-efficient solutions that are geared towards this late cycle environment...