ETFs & Mutual Funds
JPMorgan to Convert Another $2 Billion of Mutual Funds to ETFs
- Plans follow success of firm’s first four conversions in June
- The funds’ long track records help the conversions: Seyffart
JPMorgan’s Madison Avenue building in New York.
Photographer: Michael Nagle/Bloomberg
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JPMorgan’s asset management arm filed to convert four more mutual funds with assets of about $2 billion into exchange-traded funds.
The plans follow the success of the firm’s first four conversions in June and would bring JPMorgan’s US ETF lineup to 50 funds. The funds slated to be changed are two municipal bond funds, one short-dated bond fund and one equity fund, according to a press release.