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JPMorgan Eyes Top-Five Status for Fund Unit


By Matt Ackermann, American Banker

March 8, 2010

Being owned by a bank has handcuffed many mutual fund units. Just don't tell that to JPMorgan Chase & Co.'s J.P. Morgan Funds. The unit increased its assets under management 6.97% last year to $445 billion and now has its sights set on developing more assets through banks to move up the rankings from the 10th-largest fund company to become one of the top five.

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