JP Morgan prepares for ETF roll out

The bank is seeking approval for active exchange-traded funds as it plans the launch of a so-called 'smart beta' offering

JP Morgan is paving the way for a roll out of a suite of active exchange-traded funds this year as it plans the launch of a so-called "smart beta" offering for its US investors.

A spokeswoman for JP Morgan confirmed the firm was seeking regulatory approval for active products, the first of which will be the smart beta ETF.

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