J.P. Morgan Asset Management Launches US REIT ETF based on MSCI US REIT Index
J.P. Morgan Asset Management announced today the launch of the JPMorgan BetaBuilders MSCI US REIT ETF (BBRE), which seeks to replicate the performance of the MSCI US REIT Index. The MSCI US REIT Index is a free-float adjusted market-cap weighted index comprised of equity Real Estate Investment Trusts. The index is based on the MSCI USA Investable Market Index (IMI), its parent index, which captures the large, mid and small cap segments of the USA market. The securities included offer core real estate exposure. BBRE will be priced with a total expense ratio (TER) of 11bps.