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Friday, May 23, 2008|
JPMorgan Speaks Out on Bear Active ETF
JPMorgan has finally commented on what it will be doing with the active ETF it is inheriting from Bear Stearns. A JPMorgan spokesperson told the WSJ's Ian Salisbury that the company will "take a close look" at what to do with the product after the acquisition is complete. In his article, Salisbury also looks at the assets gathered by active ETFs since their launches. The Bear Stearns ETF, unveiled in March, has about $50 million in assets; Invesco's four funds, launched in April, have a combined $11 million in assets; and WisdomTree Investments' six currency and current income-oriented funds, most of which were rolled out last week, have a total of $120 million.
Printed from: MFWire.com/story.asp?s=18329
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