“God made the world in 4004 BC and it was reorganized in 1901 by JP Morgan,” the Wall Street Journal had this to say of its success. Reputation established, the company has been living up to it. “Depending on market conditions, we are looking to launch a few more international funds in the coming months,” says Christopher Spelman, Whole-time Director & CEO, J.P. Morgan Asset Management, basking on the lineage and global presence JP Morgan has.
Disappointing AUM growth: A recent report forecasted that the Indian mutual fund AUM will grow by 13 per cent per annum until 2014. In recent years institutional assets have grown faster than retail assets and this has helped in the growth of the industry.
Regulatory changes: I am strongly in favour of regulations that improve transparency and protect investors. Experts expect the industry to grow exponentially for the next three years and I would expect to see strong growth in AUM for many years after these changes.
State of the market: It is our firm belief that the Indian stock market will perform exceedingly well in the next 10-20 years. Whilst there may be some short- term corrections, if an investor takes a long-term view, now is a good time to invest.
The road ahead: In partnership with our distributors we will build our business for longer term growth and stability. We are planning to increase our retail footprint by strengthening our branch network.
My investing style: I would be a mutual fund sales manager’s dream investor! I am the quintessential long-term, systematic investor with all my equity investments in mutual funds.
This article was originally published on November 01, 2010.
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