JP Morgan widens out cheap core ETF suite
JP Morgan is listing ultra-cheap core international ETF, to complement its swelling throng of core index products.
The JPMorgan BetaBuilders International Equity ETF will use a Morningstar index. It will invest in global (ex-US) companies on a market weighted basis.
The fund charges a mere 0.07%.
JP Morgan has quietly built out a range of core equity and bond ETFs in the US the past couple of years. Analysts have said that in some cases JP Morgan’s new ETFs are cannibalising assets from other parts of the company.