JPMorgan's fledgling exchange traded funds business in Europe has amassed $500m less than a year after launching — more than double the amount raised by rival Fidelity International for its new ETF venture. Both JPMorgan Asset Management and Fidelity announced their entry into Europe’s fiercely-competitive ETF industry during 2017, both relying on their respective brand recognition and experience in the US market to gain a foothold. ...
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. The two ETFs are designed to provide investors with exposure to Europe and other emerging markets. Peter Sleep, of Seven Investment Management, said this had given JP Morgan the edge over its rival.