JP Morgan's European exchange-traded funds (ETF) unit has raised more than double the amount of its competitor Fidelity International, the past year after both US-based companies entered the European ETF market. JP Morgan has raised $500m across nine products, while Fidelity has raised $219m across its product range. Unlike Fidelity, JP Morgan has a dedicated ETF sales team, having made 20 appointments in a year. Peter Sleep, of Seven Investment Management, said this had given JP Morgan the edge over its rival.
JP Morgan's European exchange-traded funds (ETF) unit has raised more than double the amount of its competitor Fidelity International, a year after both US-based companies entered the European ETF market. JP Morgan has raised $500m across nine products, while Fidelity has raised $219m across its product range. Unlike Fidelity, JP Morgan has a dedicated ETF sales team, having made 20 appointments in the past year. Peter Sleep, of Seven Investment Management, said this had given JP Morgan the edge over its rival.