JPMorgan Dethrones Pimco With the Biggest Actively Managed ETF
- JPST overtakes MINT after $3.7 billion of inflows in 2020
- Active funds still a small part of the $4.9 trillion market
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There’s a new king of actively managed exchange-traded funds.
The JPMorgan Ultra-Short Income ETF, ticker JPST, surpassed the long-reigning PIMCO Enhanced Short Maturity Active ETF, ticker MINT, as the largest active fund in the $4.9 trillion market. JPST has surged to $13.94 billion in assets after launching in May 2017, overtaking the $13.88 billion MINT, which debuted in November 2009.