JPMorgan Asset Management regained its position as the top-performing foreign fund house in China in 2019, leapfrogging its closest rivals UBS and Invesco in the fifth annual analysis of the Chinese investment market to be published by Z-Ben Advisors on Monday.
The Shanghai consultancy ranked JPMorgan as top foreign player in the world’s fastest-growing asset management market after it acquired a majority stake in its Chinese joint venture, making it the first international competitor to take control of a mainland investment vehicle.
The deal with China International Fund Management marked an important milestone in the development of China’s investment market where the government wants to accelerate growth and improve standards by inviting greater participation by large international competitors.