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Must-know: JPMorgan’s first ETF compared to State Street’s ETF

Stephanie Johnson

Why Wall Street’s biggest banks are entering the ETF space (Part 3 of 6)

(Continued from Part 2)

First exchange-traded funds (or ETFs) for JPMorgan and State Street

Two weeks after State Street (STT) launched its SPDR MSCI World Quality Mix ETF (QWLD) on June 4, 2014, JPMorgan (JPM) debuted on the ETF market. Its first-ever ETF is the JPMorgan Diversified Return Global Equity ETF (JPGE).

Both of these ETFs belong to the global equities category. They track equity securities from developed global markets. The following chart compares the two ETFs.

Apart from these structural differences, there are other key areas to compare these two ETFs. The ETFs track global equities. These areas include the difference or similarity in terms of asset concentration, allocation, performance, and volatility front.

Wells Fargo also recently entered the ETF market with the SPDR Wells Fargo Preferred Stock ETF (PSK).

Continue to Part 4

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