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JPMorgan Steps Closer To Zero Fees With Cheapest-Ever Stock ETF
Published Mon, Mar 11 2019 • 1:37 PM EDT Updated Mon, Mar 11 2019 • 4:58 PM EDT Eric Rosenbaum @erprose
Key Points
J.P. Morgan is about to launch the JPMorgan BetaBuilders U.S. Equity ETF with a fee of 0.02 percent. That makes the broad U.S. stock market fund cheaper than similar ETFs from Vanguard, Schwab and BlackRock’s iShares. Schwab and iShares had offered the cheapest U.S. stock market ETFs, charging 0.03 percent . J.P. Morgan has grown to become one of the largest ETF companies in only a few years, primarily by selling ETFs to its own clients.
Comments
JP Morgan is about to launch lowest-fee US stock market ETF — lower than Vanguard, BlackRock and Sch
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5:48AM in Fund Discussions
https://www.cnbc.com/2019/03/11/jp-morgan-about-to-launch-lowest-fee-us-stock-market-etf-yet.html
Published Mon, Mar 11 2019 • 1:37 PM EDT Updated Mon, Mar 11 2019 • 4:58 PM EDT
Eric Rosenbaum
@erprose
Key Points
J.P. Morgan is about to launch the JPMorgan BetaBuilders U.S. Equity ETF with a fee of 0.02 percent.
That makes the broad U.S. stock market fund cheaper than similar ETFs from Vanguard, Schwab and BlackRock’s iShares.
Schwab and iShares had offered the cheapest U.S. stock market ETFs, charging 0.03 percent .
J.P. Morgan has grown to become one of the largest ETF companies in only a few years, primarily by selling ETFs to its own clients.