JPMorgan kicking off $9 billion of mutual fund-to-ETF switches
It’s the first of four planned conversions by the firm that will shift around $9 billion of assets into exchange-traded funds by mid-June.
JPMorgan Asset Management will convert a $1.1 billion fixed-income mutual fund into an ETF on Friday, joining a growing Wall Street trend that’s expected to see as much as $1 trillion make the switch.
The JPMorgan Inflation Managed Bond Fund (JIMAX) is becoming the JPMorgan Inflation
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