JPMorgan Beefs Up Bond Fund Business
June 7, 2010
JPMorgan, consistently one of the top municipal bond underwriters, has been responding to increased appetite in the market recently by expanding its retail networks, marketing taxable munis for international distribution, and bulking up its public finance staff. The firm has ranked third among muni underwriters in the country over the past five years. From January through May, JPMorgan senior-managed 158 issues worth $20.8 billion, ranking it third with a 12.3% market share, compared with an 11.4% share last year, according to Thomson Reuters.
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