J.P. Morgan Launches First Ultra-Short Muni Bond ETF
This article was originally published on ETFTrends.com.
In response to the rising interest rate environment, J.P. Morgan Asset Management launched the first ultra-short duration municipal bond-related ETF to help investors access tax-exempt yield with less rate sensitivity. On Thursday, J.P. Morgan Asset Management rolled out the actively managed JPMorgan Ultra-Short Municipal ETF (Cboe: JMST), which has a 0.18% expense ratio. The new [...]