Megaphone icon ETF Database is now VettaFi. Read More >
ETFdb Logo
ETFdb Logo
  • Channels
    • Active ETF
    • Alternatives
    • Beyond Basic Beta
    • China Insights
    • Climate Insights
    • Commodities
    • Core Strategies
    • Crypto
    • Disruptive Technology
    • Dividend
    • Dual Impact
    • Emerging Markets
    • Energy Infrastructure
    • Entrepreneur ETF
    • Equity ETF
    • ESG
    • ETF Building Blocks
    • ETF Education
    • ETF Strategist
    • Fixed Income
    • Future ETFs
    • Gold & Silver Investing
    • Innovative ETFs
    • Institutional Income Strategies
    • Leveraged & Inverse
    • Managed Futures
    • Modern Alpha
    • Multi-Asset
    • Multi-Factor
    • Nasdaq Investment Intelligence
    • Portfolio Strategies
    • Retirement Income
    • Smart Beta
    • Thematic Investing
    • Volatility Resource
  • Database
  • Tools
    • ETF Screener
    • ETF Country Exposure Tool
    • ETF Sector Tracker Tool
    • ETF Database Categories
    • Head-To-Head ETF Comparison Tool
    • ETF Stock Exposure Tool
    • ETF Issuer Fund Flows
    • Indexes
    • Mutual Fund To ETF Converter
    • ETF Data for Journalists
    • ETF Nerds
  • Research
    • First Bitcoin ETF
    • ETF Education
    • Equity Investing
    • Dividend ETFs
    • Leveraged ETFs
    • Inverse ETFs
    • Top ETF Sectors
    • Top ETF Issuers
    • Top ETF Industries
  • Webcasts
    • ETFs Future-Forward 2021: An iShares Investing Symposium
    • Three Themes for 2021: An iShares & MSCI Investing Symposium
  • Themes
    • AI ETFs
    • Blockchain ETFs
    • See all Thematic Investing ETF themes
    • ESG Investing
    • Marijuana ETFs
  • Videos & Podcasts
    • ETF 360 Video Series
    • ETF Trends on Videos
    • ETF Trends on Podcasts
    • ETF Prime Podcast
  • PRO
    • Pro Content
    • Pro Tools
    • Advanced
    • FAQ
    • Pricing
    • Free Sign Up
    • Login
  1. JPMorgan Converts $938 Million Mutual Fund to ETF
News
Share

JPMorgan Converts $938 Million Mutual Fund to ETF

Elle CarusoMay 09, 2022
2022-05-09

JPMorgan Asset Management has converted an existing mutual fund offering exposure to the S&P 1000 into an ETF wrapper.

The JPMorgan Market Expansion Enhanced Equity ETF (JMEE), incepted in 1998 as a mutual fund and garnered $938 million in assets under management, debuted in its new ETF wrapper on the NYSE on May 9. 

“Asset managers are able to keep the active fund’s track record in tact and benefit from the scale of the preexisting asset base when they convert from a mutual fund to an ETF,” Todd Rosenbluth, head of research at ETF Trends and ETF Database, said. “While such moves do not make sense for all mutual funds, we likely will see more conversions in the future.”

JMEE seeks to provide investment results that correspond to or incrementally exceed the total return performance of the S&P 1000 Index that tracks the performance of the small- and mid-capitalization equity markets, according to regulatory filings.

Under normal circumstances, the fund will hold at least 80% of its assets in stocks in the index. The index is an index that includes stocks of small- and mid-capitalization companies. According to regulatory filings, the fund may use futures contracts to gain or reduce exposure to its index, maintain liquidity, and minimize transaction costs.

Additionally, the ETF has an initial expense ratio of 0.24%.

This conversion is the second of four mutual funds that the firm began changing last year. The first conversion, the JPMorgan Inflation Managed Bond ETF (JCPI), debuted in its new ETF wrapper last month. 

For more news, information, and strategy, visit our Active ETF Channel.


Content continues below advertisement

» Popular Pages

  • Tickers
  • Articles

May 27

Bearish Traders Target Bitcoin ETF During Crypto's Fall

May 27

"In Gold We Trust" Sees Gold at $2,000 by Year's End

May 27

Exposure to Rebounding Consumer Discretionary With RCD

May 27

Fed Ready to Slow Economy: Investing for Stagflation

May 27

JPMorgan Sees Another Upside for Bitcoin

May 27

In Case of Emergency, Induce Vomiting

May 27

Lockdown Not Preventing Chinese Consumers From Spending

May 27

Quant Hedge Funds Having a HeyDay: This ETF Captures

May 27

Tailwinds for This Global Dividend ETF

May 27

Tencent Making Moves That May Benefit This ETF

QQQ

Invesco QQQ Trust

SPY

SPDR S&P 500 ETF Trust

VOO

Vanguard S&P 500 ETF

DBA

Invesco DB Agriculture Fund

XLE

Energy Select Sector SPDR...

WEAT

Teucrium Wheat Fund

VTI

Vanguard Total Stock Market...

ARKK

ARK Innovation ETF

SCHD

Schwab US Dividend Equity ETF...

VGT

Vanguard Information...


Content continues below advertisement

Loading Articles...
Help & Info
  • Contact Us
  • Mission Statement
  • Press
Tools
  • ETF Screener
  • ETF Analyzer
  • Mutual Fund to ETF Converter
  • Head-To-Head ETF Comparison
  • ETF Country Exposure Tool
  • ETF Stock Exposure Tool
  • ETF Performance Visualizer
  • ETF Database Model Portfolios
  • ETF Database Realtime Ratings
  • ETF Database Pro
More Tools
  • ETF Launch Center
  • Financial Advisor & RIA Center
  • ETF Database RSS Feed
Explore ETFs
  • ETF News
  • ETF Picks of the Month
  • ETF Category Reports
  • Premium Articles
  • Alphabetical Listing of ETFs
  • Best ETFs
  • Browse ETFs by ETF Database Category
  • Browse ETFs by Index
  • Browse ETFs by Issuer
  • Compare ETFs
Legal
  • Terms of Use and Privacy Policy
  • © ETF Flows LLC
Follow ETF Database
Follow ETF Database

Advertisement

Is Your Portfolio Positioned With Enough Global Exposure?

Equity ETF Channel

Retirement Portfolio Redux: Is the 60%-40% Portfolio Dead?

Debbie CarlsonOct 22, 2020
2020-10-22

With the 10-year U.S. Treasury yield hovering below 1% and Federal Reserve Chairman Jerome Powell...

Equity ETF Channel

Portfolio Diversification Isn't Dead, It Was Just Sleeping

Debbie CarlsonOct 15, 2020
2020-10-15

Investors could be forgiven to think there was no reason to invest outside of the U.S. for the...

}
X