Relevant:
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- JPMorgan's Trading Loss Is Said to Rise at Least 50%
- 500 Hedge Funds Launch In China... In Three Months
- JPMorgan, Goldman Shut Europe Money Funds After ECB Cut
- Europe's €500bn money funds risk AAA downgrade (as ECB Policy 'breaks the buck')
2012-07-03 — nytimes.com
The benefit to JPMorgan is clear. The more money investors plow into the bank's funds, the more fees it collects for managing them. The aggressive sales push has allowed JPMorgan to buck an industry trend. Amid the market volatility, ordinary investors are leaving stock funds in droves.
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