JPMorgan Set To Enter Smart Beta ETFs

JPMorgan Global Equity ETF outlined its plans to enter the booming ‘smart beta’ ETF business, according to its regulatory filing. Brendan Conway of Barrons reports that despite the general feeling that the exchange-traded fund market is over-crowded, JPMorgan Asset Management announced its intention to enter the new ETF. Index and expense details not revealed In its regulatory filing with the Securities and Exchange Commission, JPMorgan Asset Management has neither disclosed the index its ETF would track nor an expense ratio or other key details. Smart Beta, a more refined index-style investment strategy, is becoming more popular to some investors because of…