JP Morgan AM’s Asia chief on China, ETFs and M&A

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. These were views voiced by JP Morgan Asset Management’s Asia-Pacific chief executive during a discussion with AsianInvestor last month. Michael Falcon also pointed to the firm’s desire to expand its nascent exchange-traded funds business by listing prod…