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JPMorgan has carved out a dominant position in Europe’s nascent market for actively managed exchange traded funds, far surpassing the level in its US home market where it manages the largest such vehicle.
The bank’s asset management arm boasted a 44.2 per cent market share in Europe at the end of March, according to figures from Morningstar, far ahead of Pimco, with 14.6 per cent and Fidelity with 11.1 per cent.
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