J.P. Morgan Asset Management converted two mutual funds into actively managed municipal bond ETFs focused on California and New York, launching with about $502 million and $456 million in assets respectively. These ETFs offer tax-free income benefits especially valuable for high-income investors in those states, with flexible duration management and up to 20% allocation in below-investment-grade bonds to enhance yield. This move provides a rare actively managed option in a market dominated by passive funds, aiming to deliver better after-tax returns and greater transparency. The funds carry a 0.34% expense ratio and reflect growing investor demand for flexible, tax-efficient municipal bond investments.
Financial 15 Split Corp. announced an overnight offering of its Preferred Shares at $10.78 each, led by National Bank Financial Inc. The offering, closing around June 24, 2026, aims to raise funds to invest in a portfolio of North American financial ...
Biotech companies are increasingly adopting a dual-track approach by preparing for IPOs while also engaging with potential acquirers, as investors have become more selective since the pandemic boom. Big Pharma is actively seeking to replenish drug pi...
The Chase Sapphire Reserve for Business credit card currently offers a limited-time welcome bonus of 200,000 points after spending $30,000 in the first six months. These points can be worth up to $4,000 when redeemed for travel through Chase's Points...
Chase has upgraded its Sapphire Preferred credit card with new benefits including a $100 annual hotel credit, 3X points on gas, EV charging, and vacation homes, plus a limited-time 100,000-point welcome bonus after spending $5,000 in three months. Th...
The Chase Sapphire Preferred credit card has been refreshed with enhanced travel perks including a $120 credit for Global Entry or TSA PreCheck every four years and a $100 annual hotel credit, doubling the previous amount. It offers increased points ...
