![JP Morgan’s new ETF to behave like a hedge fund](https://assets.fnlondon.com/2016/09/IMG012703_full4x3.jpg)
JP Morgan Asset Management is using hedge funds as the template for its foray into the fledgling world of active exchange-traded funds.
The $1.7 trillion US manager confirmed in a statement on September 14 that it had launched the New York-listed JP Morgan Diversified Alternatives ETF, which will actively invest in equity long/short, event-driven and global macro strategies.