[Morgan Asset Management’s RMB 500 million self-purchase of its first active ETF is the company’s largest single purchase in recent times] On October 20, JP Morgan Fund’s latest announcement announced that the company’s shareholders will invest US$75 million (approximately RMB 500 million) through its related party JPMorgan Asset Management (Asia Pacific) in its first active ETF, the JPMorgan Large Cap Growth Active Stock ETF, and the investment will be carried out after the fund is listed. It is reported that this fund is also the largest self-owned capital investment by fund companies, shareholders and related parties in the active equity field since 2023. In this regard, Wang Qionghui, CEO of J.P. Morgan Asset Management China, said that this self-purchase fully reflects the company’s recognition of the long-term value of China’s capital market and its positive expectations for the development prospects of active ETFs. (Reporter Feng Qijuan)