FYI: Over the past 18 months, J.P. Morgan has built an ETF business to be reckoned with. Using a "bring your own assets" approach, in which the asset manager has shifted existing clients into house-brand products, J.P. Morgan has seen assets under management for several of its core ETFs balloon into the billions.
It all started last summer, with the J.P. Morgan BetaBuilders Japan ETF (BBJP); in July 2018, the fund set a record for the second-fastest time to hit $1 billion in assets, a record which was smashed a few weeks later by the J.P Morgan BetaBuilders Canada ETF (BBCA). (Read: "New Canada ETF 2nd Fastest To $1B.")
Curiously, however, the J.P. Morgan BetaBuilders MSCI U.S. REIT ETF (BBRE), which launched the same day as BBJP, hasn't seen the same massive inflows. Until now.
Regards,
Ted
https://www.etf.com/sections/features-and-news/etf-week-straggler-hits-1b
