JP Morgan Asset Management (JPMAM) has shut the second of its two debut ETFs from when the firm entered the European market in 2017, ETF Stream can reveal.
The JP Morgan Managed Futures UCITS ETF (JPMF) closed earlier this week with $52m assets under management (AUM) while the JP Morgan Equity Long-Short UCITS ETF (JELS) was liquidated in June.
The actively-managed ETFs launched in October 2017 when the asset manager began its voyage in Europe, trying to replicate its US success.
The firm had 13 ETFs with $2.2bn AUM in the US when it decided to test the waters across the pond.
Liquid alternative ETFs yet to catch fire in Europe
JPMAM’s European ETF entrance was led by Bryon Lake who moved to the US in April to head ETF distribution across the Americas.
Earlier this week, Nutmeg partnered with JPMAM to launch five model portfolios constructed entirely of ETFs.