Yuanta Securities ( Thailand ) has listed three depositary receipts ( DRs ) that reference globally popular active exchange-traded funds ( ETFs ) from J.P. Morgan Asset Management ( JPMAM ). The three DRs started trading on the Stock Exchange of Thailand today ( March 5 ).

The new securities are denominated in Thai baht, allowing local investors to access offshore ETFs via Thai brokerages and banks, and buy and sell these products in local currency under familiar regulations.

These are:

• JEPI19, referencing JPMorgan Equity Premium Income ETF, which invests in US large-cap equities with low volatility and monthly distributions. It covers 90-120 S&P 500 stocks and deploys an option overlay to generate consistent income while lowering the volatility of the overall portfolio. The DR targets a distribution yield of 7-9% per year and seeks to maintain volatility below the market, making it suitable for investors seeking monthly income distribution with lower volatility.
• JTEK19, referencing JPMorgan US Tech Leaders ETF. The DR invests in 50-70 US technology and technology-enabled companies with disruptive business models and high growth potential. It is more diversified than typical technology ETFs by investing beyond mega-cap names. The underlying ETF has outperformed the benchmark by +8.91% since its inception in October 2023, making it suitable for investors targeting long-term capital gains.
• JGRO19, referencing JPMorgan Active Growth ETF. The DR selects 100-140 large-cap US growth stocks that are under-appreciated by the market. It focuses on generating alpha and aims to deliver strong risk-adjusted returns, ideal for investors seeking to efficiently accelerate portfolio growth.

“Our selection and introduction of these three DRs to the Thai stock exchange not only expands Yuanta’s product offerings, but provides powerful tools in global portfolio management to Thai investors through active strategies managed by world-class portfolio managers at J.P. Morgan Asset Management, helping to diversify investments,” says Yuanta Securities Thailand chief executive officer Boonporn Boriboon Songsilp.

Anis Tiasiri, head of Southeast Asia and India intermediaries at JPMAM, adds: “Thai investors’ appetite for offshore assets continues to accelerate, as evidenced by the rapid growth in DR listings referencing offshore passive ETFs over the past year. As the world’s largest active ETF manager, we are proud to lead the market by introducing the first active ETFs to the DR platform in partnership with Yuanta, a recognized leader in the Thai DR market.”