J.P. Morgan has joined other major asset managers in backing a new type of exchange-traded fund that follows active strategies but keeps the details of its investments confidential. The concept hasn't yet been accepted by the US Securities and Exchange Commission, even though it has the support of industry leaders such as BlackRock, Legg Mason and Capital Group.
JP Morgan has joined other major asset managers in backing a new type of exchange-traded fund that follows active strategies but keeps the details of its investments confidential. The concept hasn't yet been accepted by the US Securities and Exchange Commission, even though it has the support of industry leaders such as BlackRock, Legg Mason and Capital Group.