Date: 9th December 2019
Author: BETTER FINANCE
Type: In the news
J.P. Morgan Chase is launching a digital investing service called “You Invest Portfolios”. For an annual fee of 0.35% of assets, or 35 basis points, J.P. Morgan will put users into an investment portfolio made up of the bank's exchange traded funds, or ETFs. While the fee is in line with its rivals, by waiving fees for underlying investments J.P. Morgan is likely to grab a share from competitors and broaden the pool of Americans who are invested in the stock market.
Read the full article on CNBC.