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https://www.cnbc.com/2019/03/11/jp-morgan-about-to-launch-lowest-fee-us-stock-market-etf-yet.html

JP Morgan is about to launch the lowest-fee way to bet on the entire US stock market

2019-03-11 00:00:00, Eric Rosenbaum, CNBC

Content Categorization
/Finance/Investing
/Internet & Telecom
/News

Word Count:
1455

Words/Sentence:
30

Reading Time:
14.55 min

Reading Quality:
Advanced

Readability:
16th or higher

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Many ETF market experts thought J.P. Morgan might be the first to launch a zero-fee ETF – that distinction may go to millennial lender SoFi, which has filed for a no-fee US stock ETF – but the implications of the latest launch haven't changed.

Rosenbluth was referring to iShares Core S&P Total U.S. Stock Market ETF (ITOT); Schwab U.S. Broad Market ETF (SCHB); and Vanguard Total Stock Market EF (VTI).

In the launch this week, J.P. Morgan is making more of a push for entire U.S. market coverage, also launching the JPMorgan BetaBuilders 1-5 Year U.S. Aggregate Bond ETF, at a fee of 5 basis points.

This story has been updated to include recent news on fee reductions and new low-fee funds throughout the ETF industry, and comment from Morningstar official on the cost savings from the new JP Morgan ETF.

That is notably one basis point lower than similar ETFs from BlackRock's iShares and Charles Schwab, which had been the lowest-fee offerings for broad US equity exposure, at 0.03 percent each.

Keywords
Investment strategy, Exchange-traded funds, JPMorgan U.S. Aggregate Bond ETF, Charles Schwab Corp, BlackRock Inc, Northern Trust Corp, JPMorgan Ultra-Short Income ETF, Schwab US Broad Market ETF, Vanguard Total Bond Market Index Fund ETF Shares, Vanguard Total Stock Market Index Fund ETF Shares, Vanguard Short-Term Corporate Bond Index Fund ETF Shares, business news, iShares Core U.S. Aggregate Bond ETF, Morningstar Inc, iShares Core S&P Total U.S. Stock Market ETF, Personal investing, Banks, Mutual funds, JPMorgan Chase & Co, Schwab US Aggregate Bond ETF, JPMorgan BetaBuilders Japan ETF, Vanguard Short-Term Bond Index Fund ETF Shares

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