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JPMorgan Asset Management China ETF reaches fundraising cap
JPMorgan Asset Management (JPMAM) announced that its first actively managed ETF launched in mainland China reached its fundraising cap of 2 billion yuan (approximately $300 million) on the first day of its offering, and the firm plans to introduce more actively managed ETF products in the Chinese market. Desiree Wang, CEO of JPMorgan Asset Management China, stated that this successful launch is "just the beginning of a larger strategy."
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