JPMorgan to convert nearly $10 billion in mutual funds, but it's not at a 'tipping point' yet, firm's head of ETFs says (via ETFEdgeCNBC)
The firm will begin converting four of its mutual funds to ETFs in April, bringing its Inflation Managed Bond Fund, Market Expansion Enhanced Index Fund, Realty Income Fund and International Research Enhanced Equity Fund to the lower-cost, more tax-efficient investment structure.
J.P. Morgan manages $800 billion in its mutual fund franchise and is actively working to increase its offerings of alternative funds and ETFs, Lake said. Conversions are just one of many growth drivers for the ETF industry, researcher Dave Nadig said in the same interview. "We're going to see every major active and passive asset manager in the ETF space," said Nadig, who is director of research and chief investment officer at ETF Trends. "Some of them will convert mutual funds where it makes sense."
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Fidelity Files with The SEC to Launch Metaverse ETFsAfter launching a Bitcoin exchange-traded fund in Canada, Fidelity has now shifted its focus towards Metaverse-based ETFs in the USA.
Les mer »
California governor details $10 billion plan to boost electric vehicle adoption | EngadgetCalifornia governor details $10 billion plan to boost electric vehicle adoption
Les mer »
Fidelity Files with The SEC to Launch Metaverse ETFsAfter launching a Bitcoin exchange-traded fund in Canada, Fidelity has now shifted its focus towards Metaverse-based ETFs in the USA.
Les mer »
This disappearing space object is emitting giant, highly-polarized radio bursts every 20 minutes'Somehow it's converting magnetic energy to radio waves much more effectively than anything we've seen before,' team leader Dr. Hurley-Walker said.
Les mer »
Astronomers discover mysterious space object emitting giant radio wavesAstronomers have discovered a 'really weird' object 4,000 lightyears away from Earth, a study published in Nature on Wednesday said. The object disappears from view every other minute and emits a giant burst of radio waves three times an hour.
Les mer »