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JPMorgan International Value ETF JIVE surpasses S&P 500 this year

The ETF has topped its 52-week high and gained more than 20% year to date, while carrying a 0.55% expense ratio and about $3.7 billion in assets under management.

Reported · Written up by our desk · ETFs

Housing concerns around how concentrated S&P 500 leadership has become are prompting some investors to look beyond U.S. mega-cap growth, according to MarketBeat Ratings. The outlet notes that the top 10 holdings in the S&P 500 account for nearly 40% of the index, leaving the remaining 60 cents of every $1 spread across the rest of the benchmark.

MarketBeat Ratings points to the JPMorgan International Value ETF, JIVE, as one alternative for international diversification. It says JIVE recently reached its 52-week high and is up more than 20% year to date, compared with the S&P 500’s approximately 14% year-to-date gain.

The fund is described as primarily investing in equity securities of companies outside the United States and is actively managed with a 0.55% expense ratio. MarketBeat Ratings adds that it has roughly $3.7 billion in assets under management and focuses on stocks the managers view as undervalued relative to fundamentals or long-term growth prospects.

The ETF’s international exposure is cited as including Japan at roughly 13% of the portfolio, with the United Kingdom also among the largest country exposures. MarketBeat Ratings lists top holdings that include Samsung Electronics, Taiwan Semiconductor Manufacturing, Shell, Novartis, Toronto-Dominion Bank, and the Royal Bank of Canada.

Latest closeS&P 500 7,765.36 ▼0.5%

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