JPMorgan Chase (JPM) plans to offer an actively managed exchange-traded fund that will invest across debt markets and incorporate private credit assets, Bloomberg reported Tuesday, citing a company filing.

Up to 15% of the fund, named JPMorgan Total Credit ETF, will be allocated to private credit, which is the maximum level allowed by the US Securities and Exchange Commission for illiquid investments in an exchange-traded fund's holdings, the report said.

JPMorgan Asset Management will underwrite the fund's investments in either primary or secondary markets, the report quoted a source familiar with the matter as saying.

JPMorgan did not immediately reply to a request for comment from MT Newswires.

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