J.P. Morgan Asset Management recently announced that it has made a passive, minority investment in Global X Management Company, a New York based ETF provider with a diversified suite of over 40 ETF solutions.
«Investing in Global X augments our ETF strategy by expanding and deepening our participation in this fast-growing industry,» said Jed Laskowitz, Co-Head of Global Investment Management Solutions for J.P. Morgan Asset Management. «We will continue to develop the J.P. Morgan ETF lineup with an eye toward future innovation in active ETFs while building this strategic partnership.»
«Widely acknowledged for its innovative products, Global X has become a leading provider of ETF solutions, and we are pleased to have them as a strategic partner,» said Robert Deutsch, Global Head of ETF Solutions for the firm. «This investment complements the growth of J.P. Morgan’s own ETF line-up, with seven strategic beta ETFs launched and many more to come.»
This investment will have no impact on how the asset management ETF Solutions and Global X operate their respective businesses. Specifically, there will be no co-marketing, investment management, distribution agreements or shared governance between the two organizations. This investment does not result in Global X becoming an affiliate of J.P. Morgan.