It is anticipated that if the conversions are approved by the boards of the funds, they would not require shareholder approval prior to implementation. Morgan on the implications of this important effort. Morgan, announcing the proposed conversion plans well in advance provides shareholders and distributors ample notice of the planned conversions, which, in turn, allows time to engage with J.P. Guinness converted two of its mutual funds to ETFs under the firm’s SmartETFs brand.įor J.P. Dimensional expanded its suite of diversified investment solutions by converting four of its mutual funds, to offer more choices in how financial advisors and institutional investors can access their investment solutions. This is not too far away from what's been seen from Dimensional and Guinness Atkinson in recent months. See Also: Dimensional Completes Largest Mutual Fund to ETF Conversion in Industry We also believe the combination of the mutual fund and ETF boards will allow shareholders to benefit from the boards’ substantial combined experience and better position us to deliver the highest value-add capabilities in a rapidly evolving industry,” said George Gatch, Chief Executive Officer, J.P.
“As one of the fastest-growing asset management firms, we are positioning ourselves to deliver our best investment capabilities more rapidly through a broader range of vehicles including mutual funds and ETFs. If approved by shareholders, this change also would take effect in early 2022. Morgan mutual funds and ETFs are asking shareholders to elect a common board of 16 to govern the entire J.P. Morgan Asset Management also announced that, in light of continued convergence of mutual funds and ETFs, the boards of the J.P. The combined assets of the funds proposed for conversion are approximately $10 billion (as of ). Morgan’s ability to deliver more of its industry-leading investment capabilities in the ETF vehicle, a structure that it believes is well-suited for the four mutual funds currently in scope. The conversions, which are subject to fund board approval, are intended to expand J.P. Morgan Asset Management announced plans to convert select U.S. This article was originally published on.
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