JPMorgan’s active ETF push #BTC🔥🔥🔥🔥

The hot areas in asset management right now are crypto and passive investment. At an event in London last week, JPMorgan Asset Management‘s chief executive George Gatch explained why he’s not touching either of them, writes our columnist Katie Martin.  JPMAM is, as Gatch stressed at several points, an exclusively active investment house, with $3.1tn in assets under management. But that does not mean it ignores exchange traded funds. Far from it. 

JPMAM is bringing aboard ETF veteran Jon Maier (formerly chief investment officer of Global X) who starts today as chief ETF strategist and will lead a new division dubbed ETF Insights.  Gatch outlined some punchy targets. Right now it manages about $160bn through 100 (active) ETFs, a number it wants to increase to $1tn within five years. “This is one of the most fundamental changes in the asset management market,” he said, noting that mutual funds shed about $800bn in assets last year, and ETFs — not coincidentally — gained . . . $800bn. Active ETFs may account for only up to around 7 per cent of assets in ETFs, he said, but about a fifth of the inflows.

ETFs have been all the rage among US investors, amassing about $2tn in net new dollars from 2021 to the end of 2023, according to data from Morningstar. Investors have withdrawn about $1tn from mutual funds in that time. Fixed income is also a particular area of focus for JPMAM. Active management beats passive in fixed income, hands down, said Gatch. But active fixed income ETFs have a place, and the US group is looking to have around 30 fixed income ETFs out in the market by the end of this year. #HotTrends #ETH #CryptoNews🚀🔥

🌛 If you need #RamadanWithBinance claim free..!!! now please check below post 👇👇👇👇