"JGLO's 15% gain over the past year stems from heavy concentration in mega-cap technology. The fund places over a quarter of its assets in just six companies-NVIDIA ( NASDAQ:NVDA), Microsoft ( NASDAQ:MSFT), Apple ( NASDAQ:AAPL), Amazon ( NASDAQ:AMZN), Alphabet ( NASDAQ:GOOGL), and Meta. This concentrated approach explains both the fund's recent gains and its vulnerability to tech sector rotation. When Tech Dominance Becomes a Double-Edged Sword The biggest factor shaping JGLO's future is whether mega-cap technology stocks can sustain market leadership or if returns are broadening."
"Active Selection Isn't Adding Much Alpha The fund's 0.47% fee and 103% portfolio turnover signal active management, but results are mixed. Meta's 6.4% one-year return significantly trails the broader tech sector, raising questions about whether active selection is adding value or simply amplifying volatility within an already concentrated portfolio. Check JPMorgan's monthly fund fact sheets and quarterly holdings updates to see if management is adjusting these positions."
The JPMorgan Global Select Equity ETF (JGLO) launched in September 2023 as an actively managed fund holding roughly 40 companies with $7.1 billion in assets and a 0.47% expense ratio. The fund’s one-year 15% gain mainly reflects heavy concentration in six mega-cap technology names, which account for over a quarter of assets. Early 2026 weakness in several of those top holdings has reduced JGLO’s relative performance versus broader global indices. The fund shows high turnover (103%) and elevated fees, raising questions about whether active selection is producing meaningful alpha or amplifying volatility.
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