J P Morgan Asset Management Launches Two ActiveBuilders Equity ETFs: JUSA and JIDA prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Fractional Shares from Reverse Splits
For shareholders who hold quantities of shares that are not an exact multiple of the reverse split ratio (for example, not a multiple of two for a one-for-two reverse split), the reverse split will result in the creation of a fractional share. Post-split fractional shares will be redeemed for cash and sent to the broker of record. This redemption may cause some shareholders to realize a gain or loss, which could be a taxable event for those shareholders. Otherwise, the reverse split will not result in a taxable transaction for shareholders of the Funds.
About J.P. Morgan Asset Management
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NEW YORK, March 2, 2021 /PRNewswire/ J.P. Morgan Asset Management today announced the launch of
JPMorgan Short Duration Core Plus ETF (JSCP), an actively managed fixed-income ETF designed to deliver total return, consistent with the preservation of capital, by investing in investment grade and non-investment grade short-term fixed income securities.
JSCP will employ a multi-sector approach to create a diversified portfolio while managing risk. Seeking to maintain a duration of three years or less,
JSCP offers the flexibility to allocate assets to below-investment grade securities and international debt to seek additional yield.
With approximately 62 years of combined industry experience,
J P Morgan Asset Management Launches Carbon Transition U S Equity ETF: JCTR marketwatch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketwatch.com Daily Mail and Mail on Sunday newspapers.