Feb
17
J.P. Morgan Chase & Co’s five-year effort to stitch together a coherent mutual fund management business finally came together last year.
To be sure, J.P. Morgan is still an also-ran in terms of size. But it attracted more than $26 billion in new money into its mutual funds last year, excluding money market funds, where flows can be volatile–a surprisingly strong showing that ranked the bank third in flows behind giants Vanguard Group Inc. and Pacific Investment Management Co. Source
Address: http://globalwealthnews.com/?p=383
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