21.02.2014 - JP Morgan prepares for ETF roll out
JP Morgan is paving the way for a roll out of a suite of active exchange-traded funds this year as it plans the launch of a so-called "smart beta" offering for its US investors. A spokeswoman for JP Morgan confirmed the firm was seeking regulatory approval for active products, the first of which will be the smart beta ETF. She said “The fund will invest in larger cap and mid cap stocks from developed countries and track an index that uses a multi-factor screening process.”..............................................Full Article: Source
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