JPMorgan ActiveBuilders International Equity ETF (JIDA) is an actively managed exchange-traded fund that seeks long-term capital appreciation by investing primarily in international equity securities and equity-related instruments of foreign companies across various market capitalizations, including large-cap, mid-cap, and foreign subsidiaries of U.S. companies; the fund allocates to a variety of the adviser's actively managed international equity strategies, such as country, region, and style strategies, while overweighting or underweighting countries and sectors relative to the MSCI EAFE Index (net of foreign withholding taxes) to outperform the benchmark over time with similar risk characteristics, including sector and geographic exposures. J.P. Morgan Investment Management Inc., the fund's adviser and part of J.P. Morgan Asset Management, leverages qualitative and quantitative insights from its Global Equities platform, co-managed by portfolio managers Nick Horne, Philippa Clough, and Bruno Baisch based in London. The fund targets institutional and retail investors seeking enhanced international equity exposure through a low-cost, transparent active ETF structure with an expense ratio of 0.25%.
Launched on July 7, 2021, as part of J.P. Morgan Asset Management's ActiveBuilders ETF suite alongside JUSA and JEMA, JIDA represented an expansion of the firm's U.S. ETF offerings to 36 products at the time, drawing on the adviser's $700 billion Global Equities platform spanning U.S., international, and EMEA strategies managed by 370 professionals across seven locations. Headquartered in New York at 277 Park Avenue through J.P. Morgan Exchange-Traded Fund Trust, the sponsor JPMorgan Chase & Co. operates globally with a focus on developed markets excluding the U.S. and Canada. In a major strategic shift, J.P. Morgan Asset Management announced the fund's liquidation in August 2023 due to low assets under management, with the last trading day on NYSE Arca on October 11, 2023, and final liquidation distribution to shareholders at net asset value on October 18, 2023, at approximately $43.9807 per share.