JP Morgan Asset Management will list two low-fee exchange-traded funds on the Cboe on March 13.
The JPMorgan BetaBuilders U.S. Equity ETF will have a fee of 2 basis points, or a charge of 20 cents for every $1,000 invested, while the JPMorgan BetaBuilders 1-5 year U.S. aggregate bond ETF will have a fee of 5 basis points.
The BetaBuilders U.S. Equity ETF's fee is one basis point lower than similar ETFs from BlackRock Inc. and Charles Schwab Corp., which both have the current lowest-fee U.S. equity offerings at 3 basis points, according to CNBC.