The funds aim to give Canadian investors US equity exposure with reduced currency risk.
JP Morgan Asset Management has launched two Canadian dollar-hedged equity income exchange traded funds (ETFs) on the Toronto Stock Exchange. Both ETFs are CAD-hedged versions of existing strategies The funds are the JPMorgan US Equity Premium Income Active ETF- CAD Hedged (JEPH) and the JPMorgan Nasdaq Equity Premium Income Active ETF- CAD Hedged (JPQH). Both ETFs are CAD-hedged versions of existing strategies, JEPI and JEPQ. The hedging is designed to reduce the impact of US dollar movemen