JP Morgan AM’s Asia chief on China, ETFs and M&A
The investment industry will remain fragmented despite the trend for more mergers, and Beijing is not motivated to lead an Asia funds passport, argues Michael Falcon.
The current trend is for ever larger mergers of asset management firms, but the industry is likely to stay fragmented. Separately, China does not have ambitions to build a pan-Asian funds passport, as some have mooted could happen.
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