Chase & Co. plans to continue labour recruitment efforts in and expand its business activities in asset management in the world’s second largest economy, Bloomberg broadcast on Friday (8.3.2024). “China’s hedge fund industry remains an irreplaceable growth market for global asset managers,” said Desire Wang executive director of JPMorgan Asset Management China. “It offers great economic stability,” she added. According to Bloomberg, JPMorgan Chase & Co. plans to establish an Exchange-Traded Fund (ETF) fund to record the course of the CSI A50 Index in 2024. The fund raised funds of 2 billion Wan (EUR 250 million) over a period of less than ten days.
‘Replacement’ internationally remains the Chinese fund market
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