JPMorgan’s Mutual Fund Conversion Follows Active ETF Trend
August 17, 2021 at 10:46 AM EDT
Last week, JPMorgan announced in a press release that it plans to convert certain mutual fund products to active ETFs in 2022, a trend that is becoming increasingly common in the financial sector. The move would need to be approved by the fund board, but signals confidence in the active ETF structure and popularity of ETFs for investors overall.