July 28, 2025
De Mont Blanc gezien vanuit Chamonix. Foto: Rock Freund via Pixabay.
JP Morgan Asset Management’s actively managed U.S. equity ETF is now the largest of its kind in Europe—and the most widely held active fund in fund-of-funds portfolios. How did it get there? Not by bold bets, says portfolio manager Piera Elisa Grassi, but precisely by avoiding them.
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