The “star portfolio manager” syndrome is taking over ETFs


Very interesting to see Blackrock launch an Active Fixed Income ETF for star portfolio manager Rick Rieder.
This was no doubt a response to the run-away success that JP Morgan has had with the JPMorgan Equity Premium Income Active ETF (now at $25.9bn AUM) managed by one of their star portfolio managers, Hamilton Reiner. The active manager battle within ETF is now well and truly on.

JPMorgan to acquire Nutmeg

A large number of fund launches, followed by the official ETF conversion of four Dimensional equity mutual funds totalling $28.8 billion. The week closed with an equally significant and surprise announcement of JPMorgan’s acquisition of Nutmeg.