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Liquid alternatives and hedge fund replication have always loomed as a massive white space for the ETF industry. But J.P. Morgan Asset Management is trying to democratize the category through its line of alternative beta ETFs. The firm has launched the latest in the series, the JPMorgan Long/Short ETF (JPLS), which uses a rules-based, bottom-up security selection process. ...
Top Concern of Wealthy Clients? Others Knowing About It
Members of wealthy families are not worried about losing their money, and the majority aren't worried about raising well-adjusted children. Their top concern (47 percent of respondents) was others knowing that they are wealthy, followed by being targeted by predators or scams (44 percent) and being judged solely by their wealth (42 percent), according to a study recently published by Wilmington Trust. ...
Robinhood Goes Crypto
The popular trading app Robinhood will let customers buy and trade bitcoin, Ripple, Ethereum and other cryptocurrencies starting in February, Fortune reports. The app, which has 3 million users with a median age of 26, also immediately made available the ability to track market data for 16 cryptocurrencies, read crypto news and set price alerts. ... |
