J.P. Morgan Asset Management Takes Minority Stake in Exchange-Traded Fund Provider Global X

NEW YORK, April 14, 2016 /PRNewswire/ -- J.P. Morgan Asset Management today announced that it has made a passive, minority investment in Global X Management Company LLC, ("Global X"), a New York based exchange-traded fund (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 J.P. Morgan Asset Management.  "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 J.P. Morgan 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.   

"We are excited to establish this relationship with J.P. Morgan and to receive J.P. Morgan's strong vote of confidence in the future of Global X," said Global X CEO and Co-Founder Bruno del Ama. "Global X has always been committed to empowering our clients by responding to their evolving needs with intelligent investment solutions.  This new strategic investment from J.P. Morgan will help Global X to accelerate the growth of our product suite and the expansion of our client service capabilities."

Since introducing its first ETF over 18 months ago, J.P. Morgan has received numerous accolades for its growing ETF business, including this year's Fund Action award for "Most Innovative Equity ETF – performance."

Information on J.P. Morgan ETFs is available at www.jpmorganetfs.com.

J.P. Morgan Securities LLC acted as advisor to J.P. Morgan Asset Management. RBC Capital Markets acted as financial advisor, and Baker & McKenzie as legal advisor, to Global X.

About J.P. Morgan Funds and ETFs

J.P. Morgan Funds is the mutual fund and ETF arm of J.P. Morgan Asset Management.  It is the 7^th largest long-term manager in the U.S., with over $263 billion in long-term assets under management across a broad range of investment strategies in fixed income, equity, multi-asset, alternatives and absolute return.

J.P. Morgan Asset Management, with assets under management of $1.7 trillion (as of March 31, 2016), is a global leader in investment management. J.P. Morgan Asset Management's clients include institutions, retail investors and high-net worth individuals in every major market throughout the world.  J.P. Morgan Asset Management offers global investment management in equities, fixed income, real estate, hedge funds, private equity and liquidity.  JPMorgan Chase & Co. (NYSE: JPM), the parent company of J.P. Morgan Asset Management, is a leading global financial services firm with assets of approximately $2.4 trillion (as of March 31, 2016) and operations in more than 60 countries.  Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

About Global X

Seeking to provide access to high-quality and cost-efficient investment solutions, Global X is a New York-based sponsor of exchange-traded funds (ETFs). Founded in 2008, Global X is recognized for its smart core, income, alpha, risk management and access suites of ETFs, with more than 40 funds available across U.S. and foreign exchanges. Global X is recognized as a leader in developing intelligent investment solutions for its clients. For more information about its ETFs, please visit www.globalxfunds.com.

The Fund Action ETF awards are judged based on performance and/or asset flows over a 12 month period ending in September 2015. As well as performance data, judges considered the management firm and fund's reputation in the market place and innovation in new products and fee offerings.  The judging panel was comprised of representatives from Fund Action and industry experts. J.P. Morgan Asset Management is not affiliated with Fund Action.

Investors should carefully consider the investment objectives and risks as well as charges and expenses of the fund before investing. The prospectus contains this and other information about the fund. Read the prospectus carefully before investing. (Call 1-844-4JPM-ETF or visit jpmorganetfs.com to obtain a prospectus)

Investing involves risk, including possible loss of principal.  Shares are bought and sold market price, and are not individually redeemed from the fund.  Brokerage commissions will reduce returns.  International investing involves a greater degree of risk and increased volatility. Changes in currency exchange rates and differences in accounting and taxation policies outside the U.S. can raise or lower returns. Also, some overseas markets may not be as politically and economically stable as the United States and other nations.

J.P. Morgan Exchange-Traded Funds and Global X Funds are distributed by SEI Investments Distribution Co, (SIDCO, 1 Freedom Valley Drive, Oaks, PA, 19456), which is not affiliated with JPMorgan Chase & Co., Global X Management Company, LLC or any of their affiliates.

J.P. Morgan Asset Management is the marketing name for the asset management businesses of JPMorgan Chase & Co. Those businesses include, but are not limited to, JPMorgan Chase Bank N.A., J.P. Morgan Investment Management Inc., Security Capital Research & Management Incorporated, J.P. Morgan Alternative Asset Management, Inc., and J.P. Morgan Asset Management (Canada), Inc.

NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE

SOURCE JPMorgan Chase

Related Links

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