JPMorgan’s proposed ETF will invest in both private and public debt, given that the distinction is blurring for both borrowers and investors. Photo by Peter Morgan/AP Photo/Postmedia files

JPMorgan Chase & Co. is the latest issuer attempting to fit private credit assets into a retail-friendly exchange-traded fund (ETF) vehicle.

The New York-based bank filed Tuesday to offer an actively managed fund that will invest “opportunistically” across debt markets with the goal of generating total returns and income, according to a Tuesday filing with the United States Securities and Exchange Commission (SEC). Up to 15 per cent of actively managed JPMorgan Total Credit ETF’s portfolio will be allocated to private credit, the filing said — the maximum level allowed by the SEC, which ca

See Full Page