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 ##delity 's European exchange - traded funds ( ETF ) unit has raised more than double the total of its competitor hp International , a year after both US - based companies entered the European ETF market . JP Morgan has raised $ 220 m across nine products , while Fidelity has raised $ 219 m across its product range . Unlike partners , JP Morgan has a dedicated ETF sales team , having made 20 acquisitions in the past year . Peter Sleep , of Seven Investment Management , said this had given JP Morgan the edge over its competitors .