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- JPMorgan, Goldman Shut Europe Money Funds After ECB Cut
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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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