<ul data-eligibleForWebStory="true"><li>J.P. Morgan Asset Management CEO George Gatch suggests high-yield debt over private credit due to limited opportunities in the private credit market.</li><li>J.P. Morgan introduces the J.P. Morgan Active High Yield ETF with a $2 billion anchor investment, focusing on junk-rated bonds.</li><li>Junk bond spreads to Treasuries are tight, but high yields and low default rates make them attractive compared to equities.</li><li>The private credit sector faces overcrowding by investors, leading Gatch to prioritize publicly traded high-yield bonds for liquidity advantages and attractive yields.</li></ul>

JPMorgan Launches $2 Billion ETF as Exec Backs High-Yield Debt Over Private Credit

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