JPMorgan Files Plans to Put Private Credit Into an ETF Wrapper

JPMorgan Chase & Co. is the latest issuer attempting to fit private credit assets into a retail-friendly exchange-traded fund vehicle.

The New York-based bank filed Tuesday to offer an actively managed fund that will invest “opportunistically” across debt markets with the goal of generating total returns and income, according to a Tuesday filing with the Securities and Exchange Commission. Up to 15% of actively managed JPMorgan Total Credit ETF’s portfolio will be allocated to private credit, the filing said — the maximum level allowed by the SEC, which caps illiquid investments at 15% of an ETF’s holdings.