JPMorgan Steps Closer to Zero Fees With Cheapest-Ever Stock ETF
- Cash inflows continue to head to those that charge least
- The bank will also sell a bond fund at 50 cents for $1,000
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JPMorgan Chase & Co. is still trying to make a buck while selling America’s cheapest exchange-traded fund.
The New York-based bank plans to charge just 20 cents for every $1,000 invested in a new stock fund, undercutting all 2,000 existing U.S. ETFs, a regulatory filing showed Monday. But for some even that price isn’t low enough, with analysts predicting that a zero-fee ETF is only a matter of time.