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 20 products, while Fidelity has raised $219m across its product range. Unlike Fidelity, JP Morgan has a dedicated ETF sales team, having made nine appointments in the past 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.