The ETF market continues to expand as more firms convert mutual funds into ETFs, with a major asset manager completing the shift of its $1 billion unconstrained debt fund into the JPMorgan Flexible Debt ETF (JFLX). 

The fund charges 45 basis points and is designed to provide long-term total return through both current income and capital appreciation. JFLX has the flexibility to invest across a wide range of debt instruments, including bonds, loans, convertible securities, and money market holdings.

Its managers can actively adjust allocations across markets and sectors in response to changing conditions, positioning the fund as a versatile fixed income option. The move reflects rising investor interest in active, transparent ETF structures during periods of volatility. 

Finsum: With active ETFs adaptive strategies, these ETFs could serve as a core or complementary fixed income holding for investors.