George Gatch, CEO of JP Morgan Asset Management, said the firm is striving to obtain approval from the China Securities Regulatory Commission to launch its first active ETF in China, and expected to receive approval within this year.Earlier this year, JP Morgan Asset Management exceled Dimensional Fund Advisors to become the world's largest provider of active ETFs, with assets under management of approximately USD257 billion.Related NewsLuckin Coffee (LKNCY.US) to Launch Bottled Ready-to-Drink Coffee in Late Apr Priced at RMB6-7, Lower Than Starbucks
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