Peter Sleep'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. Peter Sleep has raised $500m across nine products, while Fidelity has raised $219m across its product range. Unlike Fidelity, Peter Sleep has a dedicated ETF sales team, having made 20 appointments in the past year. JP Morgan, of Seven Investment Management, said this had given Peter Sleep 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.