On April 15, 2016, J.P. Morgan Asset Management, a division of J.P. Morgan Chase & Co., announced a passive, minority investment in Global X Management Company LLC, an exchange-traded fund provider, based in New York.
This investment expands the presence of J.P. Morgan Asset Management (“J.P. Morgan”) into exchange-traded funds (ETFs). But this transaction will not affect how either J.P. Morgan or Global X Management Company LLC (“Global X”) will operate. In particular, the parties did not enter into co-marketing, investment-management, distribution or shared-governance agreements. In addition, Global X will not become an affiliate of J.P. Morgan as a result of the investment.
J.P. Morgan is a global investment manager with more than $1.7 trillion in assets under management as of March 31, 2016. Its clients include institutions, retail investors and high net worth individuals in every major market throughout the world.
Founded in 2008, Global X provides access to high-quality and cost-efficient investment solutions. It offers more than 40 funds across U.S. and foreign exchanges.
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