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JP Morgan’s new ETF to behave like a hedge fund

One of the world's largest asset managers is dipping its toe in the fledgling world of actively-managed ETFs

JP Morgan’s new ETF to behave like a hedge fund
Photo: iStockPhoto

JP Morgan Asset Management is using hedge funds as the template for its foray into the fledgling world of active exchange-traded funds.

The $1.7 trillion US manager confirmed in a statement on September 14 that it had launched the New York-listed JP Morgan Diversified Alternatives ETF, which will actively invest in equity long/short, event-driven and global macro strategies.

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