JPMorgan and Qatar Investment Authority Sign $20 Billion Investment Framework

โดย Zacks Investment Research·

Summary · why it matters

JPMorgan Chase & Co. has announced a strategic partnership with Qatar Investment Authority, signing a Memorandum of Understanding to establish a $20 billion investment framework across public and private markets. The framework comprises a $15 billion public equities mandate, under which JPMorgan Asset Management will manage customized global equity portfolios for QIA, and a $5 billion private markets initiative focused on providing senior financing to established middle-market companies in the United States across industrials, services, healthcare and technology. JPMorgan said the mandates should generate incremental fee-based income as assets are deployed and deepen its relationship with a major sovereign investor. Management also said it expects third-quarter investment banking fees to increase in the mid-to-high teens year over year, citing strong client activity, financing demand and M&A opportunities. Over the past six months, JPM shares have gained 21.4% compared with the industry's 18.7% growth.

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