Global Active ETF Increases Market Cap by 60 Billion Won in One Day

The JP Morgan ETF Trust Global Select Equity ETF (USD: JGLO), which invests in global equities, closed at $70.27 on the Nasdaq on April 29, up 0.62% from the previous trading day. Trading volume topped 1.66 million shares, and its market capitalization rose by roughly $44.4 million—about KRW 60 billion—in just one day to reach approximately $7.1 billion (around KRW 9.6 trillion).

This ETF serves as a core underlying asset in Kasikorn Asset Management’s global equity fund in Thailand, accounting for more than 90% of that fund’s assets. Its weighting remained steady as of the end of February this year, reflecting ongoing demand from institutional investors across the Asia region. In addition, a hedged share class of the ETF has been added as an investment option on Australian superannuation and wrap platforms, further broadening its access to global capital channels.

Managed by JPMorgan Asset Management, the ETF implements an active global equity strategy with the MSCI World Index as its benchmark. It diversifies across large- and mid-cap stocks in developed markets, targeting long-term capital growth. The fund’s top holdings are predominantly large-cap growth companies in the U.S. and Europe. As an actively managed product, its expense ratio is higher than that of passive ETFs tracking the same index.