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JPMorgan Asset Management Says China Remains ‘Irreplaceable’

JPMorgan Chase & Co. will continue hiring in China for its asset management business as it targets growth in the world’s second-largest economy. “ industry remains an irreplaceable growth market for global asset managers,” Desiree Wang, JPMorgan Asset Management China chief executive officer, said in an interview on Friday. “It offers a great certainty of growth.” JPMAM China kicked off 2024 with an ETF tracking the new CSI A50 index, raising 2 billion yuan ($278 million) in less than 10 days. It was the only global asset manager among 10 such companies that created similar products. The fund will be […]