Last fall, MFWire
had caught wind of a rumor that JP Morgan was shopping around its mutual fund business
If that was, or still is, the case, Jamie Dimon
has one hot property to offer.
According to data from Strategic Insight
, JPAM's actively managed funds garnered $61 billion in flows in 2013, almost double the amount of money it pulled in the pervious year, according to Sarah Krouse at Financial News
. She notes that this is "the largest chunk of net flows globally last year."
How did the JP Morgan do it? Krouse offers the explanation that "JP Morgan Asset Management has an active lifestyle."
Let's see more numbers. Morningstar's
second annual Global Flows Report
published recently shows that JP Morgan achieved an "organic growth" of 18.7 percent from 2012 to 2013.
So we have some questions for you:
One, would you buy JP Morgan's fund business if you could?
Two, if you can't buy it, how can you make your firm more like it?
Three, how can you get people to buy your funds the way J.P. Morgan has?
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