Not satisfied with just watching the ETF marketplace rapidly grow, more financial firms are making ETFs a priority.
According to recent filings with the Securities and Exchange Commission, JPMorgan Chase is planning to introduce both active and index-based ETFs. One index fund will follow investment-grade U.S. municipal bonds with maturities that range between one to 12 years while another would track investment grade corporate bonds.
Many observers view actively managed ETFs as the next big frontier. In this regard, the filing for active ETFs, if approved, could mean JPMorgan Chase will offer branded funds that invest in stocks, bonds and other ETFs or even other mutual funds.