JPMorgan Files Plans for Large-Cap ETF That Conceals Holdings

JPMorgan Chase & Co. has filed to start its first actively managed exchange-traded fund with partially concealed holdings.

The bank’s asset management arm disclosed the plan in a regulatory filing submitted Monday. The fund will invest in large-cap growth companies, the documents show. Goldman Sachs Group Inc. revealed plans in January to create a similarly structured multi-asset ETF.

Asset managers are moving into the non-transparent ETF business to gain a foothold in an arena dominated by passive products from firms including BlackRock Inc. and Vanguard Group. The strategy: Challenge those index fund companies with a new type of actively ...