JPMorgan issues three of the top five active funds preferred by RIAs.
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The company added an ETF share class of its nearly $7 billion US Micro Cap Portfolio.
The firm now manages just $2 billion more than Dimensional in active ETF assets.
This week’s SEC decision may be one of the most significant since the ETF Rule in 2019.
ETF share classes of mutual funds (and vice versa) could be approved in just two weeks, according to an agency notice posted Monday.
The firm has increasingly brought its nontraditional style of active management to Dimensional ETFs, which has ramped up sales.
More than 40 firms filed amended requests with the SEC since it nudged them to follow Dimensional’s lead, and nine filed initial applications.
While passive US large-cap ETF flows overshadowed those of their active counterparts, sales for the latter are still growing quickly.