J.P. Morgan’s fund business on growth path (Market Watch)
J.P. Morgan Chase & Co’s JPM five-year effort to stitch together a coherent mutual fund management business finally came together last year. To be sure, J.P. Morgan is still an also-ran in terms of size. But it attracted more than $26 billion in new money into its mutual funds last year, excluding money market funds, where flows can be volatile–a surprisingly strong showing that ranked the bank …
See the original post:
J.P. Morgan’s fund business on growth path (Market Watch)
