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JP Morgan Asset Management takes minority stake in ETF provider Global X


JP Morgan Asset Management has made a passive, minority investment in Global X Management Company (Global X), the New York based exchange-traded fund (ETF) provider with a diversified suite of over 40 ETF solutions.    

"Investing in Global X augments our ETF strategy by expanding and deepening our participation in this fast-growing industry," says Jed Laskowitz, Co-Head of Global Investment Management Solutions for JP Morgan Asset Management.  "We will continue to develop the JP Morgan ETF lineup with an eye toward future innovation in active ETFs while building this strategic partnership."

"Widely acknowledged for its innovative products, Global X has become a leading provider of ETF solutions, and we are pleased to have them as a strategic partner," says Robert Deutsch, Global Head of ETF Solutions for JP Morgan Asset Management.  "This investment complements the growth of JP Morgan's own ETF line-up, with seven strategic beta ETFs launched and many more to come."

This investment will have no impact on how JP Morgan ETF Solutions and Global X operate their respective businesses.  Specifically, there will be no co-marketing, investment management, distribution agreements or shared governance between the two organisations. This investment does not result in Global X becoming an affiliate of JP Morgan.   

"We are excited to establish this relationship with JP Morgan and to receive JP Morgan's strong vote of confidence in the future of Global X," says Global X CEO and Co-Founder Bruno del Ama. "Global X has always been committed to empowering our clients by responding to their evolving needs with intelligent investment solutions.  This new strategic investment from JP Morgan will help Global X to accelerate the growth of our product suite and the expansion of our client service capabilities."

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