“We are one of the five largest managers in the world with 2.6 trillion dollar assets under management, which gives us a great capacity to invest and, above all, solve the needs of our clients around the world. On this occasion, we bring to Mexico our ETF number 38 in the International Quotation System (SIC) and part of what has distinguished us is innovation in the Mexican market”, said Juan Pablo Medina-Mora, head of the JP Morgan Asset Management business in Mexico.
On the other hand, Carlos Brito, head of ETFs at JP Morgan Asset Management in Latin America, assured that the ETF is designed to attract companies that will benefit from the transition to a low-carbon economy. JCCT is an instrument for investors with sustainability objectives and who also seek to have long-term returns above the traditional indices in China.
“I am a faithful believer that these types of actions will help us take care of our planet with limited resources. The ETF will invest in equities, that is, in Chinese or foreign companies listed on their main indices. What it will do, broadly speaking, will be to minimize the carbon footprint of these companies by 30% compared to a traditional index, since today in China it is the main pollutant”, added Brito.
Both representatives of JP Morgan explained that this instrument gives exposure to the Chinese market, since China is the second economy in the world, with the largest population in the world and the second capital market in the world, which gives it a better comparative advantage. In addition, the Chinese government has announced a plan to reach peak carbon emissions in 2030 and be carbon neutral by 2060.