A consortium of the biggest ETF providers -- BlackRock, State Street, Vanguard, Schwab, Fidelity and Invesco -- are pushing to reclassify funds into four separate categories, a move that could cause a host of products to lose their ETF designation.
The $22.6 million JPMorgan Long/Short ETF (JPLS), the $53.9 million JPMorgan Managed Futures Strategy ETF (JPMF), the $53.8 million JPMorgan Diversified Alternatives ETF (JPHF) and the $25.1 million JPMorgan Event Driven ETF (JPED) will be liquidated in June.
