JP Morgan Asset Management Announces Liquidation of Two Exchange-Traded Funds, JPMorgan BetaBuilders U.S. TIPS 0-5 Year ETF and JPMorgan BetaBuilders 1-5 Year U.S. Aggregate Bond ETF
Portfolio Pulse from Benzinga Newsdesk
JP Morgan Asset Management is liquidating two ETFs: JPMorgan BetaBuilders U.S. TIPS 0-5 Year ETF and JPMorgan BetaBuilders 1-5 Year U.S. Aggregate Bond ETF. Shareholders will receive proceeds at net asset value around October 25, 2024.
August 29, 2024 | 11:10 am
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NEGATIVE IMPACT
JP Morgan Asset Management is liquidating two of its ETFs, which may impact the company's asset management business and investor perception.
The liquidation of two ETFs by JP Morgan Asset Management could signal a strategic shift or underperformance in these products, potentially affecting investor confidence and the company's asset management business.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80