JPMorgan Asset Management Canada has expanded its Canadian ETF lineup with the launch of the JPMorgan International Developed Equity Active ETF, expanding its Canadian ETF lineup to nine funds.
Strategy and Portfolio Construction
According to a press release, JIDE aims to provide exposure to developed equity markets outside of North America, with a focus on long-term capital appreciation. JIDE invests primarily in equities across developed markets such as Europe, Japan, and Australia, offering investors a way to diversify geographically beyond Canada and the U.S. The fund’s active approach allows the portfolio managers flexibility in security selection and country allocations, rather than being limited by index weights. The ETF carries an expense ratio of 0.55%.
The Case for International Equities in 2026
For some Canadian investors, home country bias and a heavy reliance on U.S. mega-cap technology have created highly concentrated portfolios.
According to JP Morgan’s 2026 Year-Ahead Investment Outlook, international equities offer investors exposure to regions and sectors underrepresented in North America, including European luxury, advanced industrials, and global financials. The same report outlines that while U.S. markets remain strong, earnings growth in certain international markets (ex-China) is projected to remain competitive, supported by resilient global activity and a manufacturing upturn in Europe. With valuations currently lower relative to historical U.S. averages, fundamentals — rather than multiple expansion alone — are expected to be key drivers of potential returns. International equities may serve as a compelling component for broader portfolio diversification.