What I’m Watching Before Buying JP Morgan’s Active Bond ETF

Quick Read JBND has attracted $5.4B since its October 2023 launch but faces tightening corporate bond spreads at two-decade lows. The fund’s 89% portfolio turnover reflects aggressive repositioning as managers navigate compressed spreads and potential rate moves to 4.35%. JBND generates its 4.4% yield from bond coupons without options strategies. It allocates 30% to securitized products for income pickup. Investors rethink ‘hands off’ investing and decide to start making real money The JPMorgan ...