Cathie Wood Takes Crown From JPMorgan for Largest Active ETF
- ARKK surpassed bank’s JPST after $7.2 billion inflows
- Fixed-income product JPST only held title for three months
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A once-niche upstart just beat out JPMorgan for the largest actively managed exchange-traded fund.
A record $275 million inflow on Thursday boosted the Ark Innovation ETF (ARKK) to just under $16 billion in total assets, according to data compiled by Bloomberg. That pushed the tech-heavy ARKK past the $15.2 billion JPMorgan Ultra-Short Income ETF (JPST).