Avoiding JP Morgan In ETFs

By Devin Riley,

Shutterstock photo

The bank, heralded as the one that survived the market collapse of 2008 relatively unscathed, is now in the hot seat since the disclosure of those more than $2 billion in trading losses.

The losses-the full extent of which aren't yet known, as JP Morgan hasn't yet completely unwound its position-won't wipe out the bank's second-quarter profits. But they certainly put a dent in the company's financials.

So if you're not enthused about the prospect of owning J.P. Morgan in your portfolio until the ripples left by the "London whale" have dissipated, I don't blame you.

I took a look at the ETFs that hold JPMorgan Chase ( JPM ), to help sidestep those funds, if you're so inclined.

The ETFs with the biggest weightings to JP Morgan are what you'd expect:financial sector ETFs.

Most financial sector ETFs have some allocation to JPM, but iShares' Dow Jones US Financial Services ETF (NYSEArca:IYG) has the dubious distinction of having the largest exposure, at a shade above 10 percent.

A full list of financials ETFs with 'gt;1 percent exposure to JPM is below.

Don't forget to check IndexUniverse.com's ETF Data section.

Copyright ® 2012 IndexUniverse LLC . All Rights Reserved.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing ETFs
Referenced Stocks: FXO , IYG , JKF , JPM , PFI

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