FYI: PMorgan Chase & Co. is opening a new front in Wall Street’s battle for domination of the market for exchange-traded funds: debt.
The bank plans to start at least six bond ETFs next year, according to Bob Deutsch, head of ETFs at the lender’s asset management unit. Two active debt funds -- focused on global opportunities and on short duration -- will begin trading in early 2017, and JPMorgan plans to unveil another four or five fixed-income ETFs in the second half of the year, Deutsch said in an interview.
Regards,
Ted
https://www.bloomberg.com/news/articles/2016-12-20/jpmorgan-declares-debt-the-new-frontier-in-battle-for-etf-assets
