Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:JPMAM Buys a Slice of an ETF Shop Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, April 14, 2016

JPMAM Buys a Slice of an ETF Shop

Reported by Neil Anderson, Managing Editor

J.P. Morgan just bought a slice of an eight-year-old ETF shop.

Jed Laskowitz
JPMorgan Asset Management
Co-Head Global Investment Management Solutions
Today Jed Laskowitz, co-head of global investment management solutions for J.P. Morgan Asset Management [profile], confirms that the giant bank has acquired a passive, minority stake in Global X Management Company [profile]. The pricing and terms of the deal and the size of J.P. Morgan's stake were not disclosed.

In the statement, the J.P. Morgan folks insist that the deal "will have no impact on how J.P. Morgan ETF Solutions and Global X operate their respective businesses," and that they will be doing "no co-marketing, investment management, distribution agreements or share governance."

Laskowitz describes the deal as "expanding and deepening [J.P. Morgan's] participation in this fast-growing industry." Bob Deutsch, global head of ETF solutions at JPMAM, tells 401kWire that investing in Global X is a complement to his "big plans for [a] continued buildout" of JPMAM's own ETF business. And he says that he's "very excited" about the Global X deal.

"We think that it's got the potential to lead to a deeper strategic partnership over time," Deutsch says. "It's too early to say what that might be."

"This new strategic investment from J.P. Morgan will help Global X to accelerate the growth of our product suite and the expansion of our client service capabilities," states Global X CEO Bruno del Alma.

Global X offers more than 40 ETFs, while JPMAM has seven of its own strategic beta ETFs. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2018
40 Wall Street | 28th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use