JPMorgan Asset Management, the asset management and funds arm of JPMorgan Chase & Co. (NYSE: JPM), expanded its presence in the fast-growing exchange-traded funds industry Thursday by announcing a passive minority stake in Global X.
Global X
New York-based Global X had nearly $3.1 billion in ETF assets under management as of April 13. The firm is known for its unique lineup of emerging and frontier markets ETFs as well one-of-a-kind industry and income-generating ETFs.
Global X is also a significant player in the equity-based commodities ETF space thanks to funds such as the Global X Lithium ETF (Global X Funds (NYSE: LIT)) and the ...
/www.benzinga.com/news/16/04/7843715/jpmorgan-bolsters-etf-footprint-with-global-x-stake alt=JPMorgan Bolsters ETF Footprint With Global X Stake>Full story available on Benzinga.com
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