JP Morgan AM Expects to Convert 4 Mutual Funds into Active ETFs

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Posted on 08/30/2021


JP Morgan Asset Management revealed plans to convert 4 mutual funds into active exchange-traded funds (ETF). The four funds have a combined assets undermanagement of around US$ 10 billion. The ETFs will have slightly lower fees than the mutual funds. JP Morgan Asset Management about US$ 3.7 trillion in assets under management, with roughly US$ 64 billion in U.S. ETFs.

The mutual funds selected for conversion into active transparent ETFs, pending board approval, are:

Name, AUM, Mutual Fund Expense Ration, ETF Expense Ratio
JPMorgan International Research Enhanced Equity fund, US$ 5 billion, 0.25%, 0.24%

JPMorgan Realty Income fund, US$ 2.2 billion, 0.68%, 0.50%

JPMorgan Inflation Managed Bond fund, US$ 1.4 billion, 0.35%, 0.25%

JPMorgan Market Expansion Enhanced Index fund, US$ 1.1 billion, 0.25%, 0.24%

JP Morgan expects these changes to occur in early 2022.

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