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JPMorgan Enters $61 Billion Green ETF Arena With New Carbon Fund

  • JCTR tracks Russell 1000 companies reducing carbon impact
  • U.S. ESG funds take in a record $27.9 billion in 2020

J.P. Morgan Asset Management is throwing its hat into the rapidly expanding universe of green funds.

The JPMorgan Carbon Transition U.S. Equity exchange-traded fund (JCTR) will begin trading on the New York Stock Exchange Thursday. The firm’s first U.S. ETF focused on environmental, social and governance standards will be passively managed and track a gauge that screens the Russell 1000 Index for companies seeking to reduce their carbon footprint.