Bringing you live news and features since 2006 

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

RELATED TOPICS​

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."

Latest News

HSBC Asset Management’s (HSBC AM) ETF and Indexing business has passed USD100 billion in assets under management (AUM), reflecting its..
Amundi’s ETF Market Flows Analysis for April reveals that investors added EUR54.1 billion to global ETFs in April with equities..
VanEck has reached USD10 billion in assets under management in Europe for the first time in April 2024...
Global index revenues increased 9.3 per cent in 2023, totalling a record USD5.8 billion, according to a benchmark study published..

Related Articles

Dan Miller, IQ-EQ
With just over a week to go till T+1 settlement begins in North America, Canada and Mexico, time is of...
Emily Spurling, Nasdaq
Last October’s ETF Express US Awards 2023 found Nasdaq winning Best Index Provider – ESG ETFs and Best Index Provider...
Vinit Srivistava, MerQube
Index provider, MerQube, launched in 2019, with the aim of providing a “technology-driven answer to the most complex, rules-based investment...
Sean O' Hara
Pacer ETFs has announced the launch of three Cash Cows UCITS ETFs. The firm writes that this will give European...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by