Jpmorgan Chase & Co. (JPM)The sixth ETF transmitter, said that the first quarter assets in his fundraising on the stock market on the stock market jumped 39% while the entries reached his greatest funds, notably JEPI and JEPQ.
FNB assets under management increased to $ 239.9 billion, compared to $ 172.6 billion in the first quarter of the previous year, according to In JPMorgan, based in New York, the largest American bank. This growth was partially fed by the company’s FNB, which fired $ 19.1 billion in flows, at 30% of the annual period of the year.
ETF and JPMorgan issuers and Blackrock Inc. (BLK) A beneficiary, investors plowed $ 296 billion in the ETF in the first quarter, even though the markets dropped, the 4.6% drop in the S&P 500 marking its worst first quarter in three years. Blackrock, of which Ishares is the largest ETF transmitter in the world, said $ 107 billion in total net entries in the FNB for the quarter.
JPMorgan focuses on active ETFs, with six of his seven launches in the first quarter in this category. The active assets jumped 58% to 177.2 billion dollars, and the entries almost doubled at $ 18.4 billion. The company does not offer passive ETFs and monitoring of passive indexes on which its competitors rest to provide large entries, opting rather for more specified and revenue generators like the 38 billion dollars JPMORGAN EQUITY Premium Income ETF (JEPI). These funds have higher management fees than passive funds.
“Q1 was favorable to active management” in fixed income and securities, said Travis Spence, said the world chief of ETF of JP Morgan Management, in a statement sent by e-mail. In actions, the company has “focused on the reassessment of our fundamental opinions at the level of the post-electoral modifications to the dynamics of profits, including the recent price crisis, and in fixed income securities, where tariffs and credit differences are evolving”.
JEPI, who is investing in large capitalization shares and stocks related to actions to generate income, dolty $ 2.8 billion in the quarter. The second JPMorgan funds, the 29.9 billion dollars ETF of Ultra-Short JPMorgan (JPST) incomefired $ 3.4 billion, while the $ 22.8 billion Jpmorgan Nasdaq Equity Premium Income ETF (JEPQ) took $ 4 billion.
Source: Etf.com Fund Flows Data
CEO Jamie Dimon has taken a cautious tone in the release of the company’s profits, while the world economy confronts “considerable turbulence (including geopolitics)”. He listed economic positives such as tax reform and deregulation alongside “potential negatives of prices and” trade wars “, continuous sticky inflation, high budget deficits and prices and volatility of still fairly high assets.”
