ETP roundup: JP Morgan moves to capitalise on rising interest rates environment

The JP Morgan Ultra-Short Municipal ETF (JMST) primarily invests in investment grade, ultra-short municipal bonds. The fund’s strategy seeks to maintain a target duration range of two years or less. Long-term bonds are subject to greater interest rate risk than short-term bonds. ‘Investors have become wary of fixed income investments in rising rate environment,’ said Joana Gallegos, US head of ETFs at JP Morgan Asset Management. ‘JMST’s focus on low duration positi