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Shocking!? JPMorgan Pushed Its Own High Cost Funds/Portfolios To Clients
Posted on July 03, 2012 at 15:32 PM EDT
Shocking! Well, actually it is not surprising at all. This happened everywhere: From New York Times: Former Brokers Say JPMorgan Favored Selling Bank’s Own Funds Over Others. Here is a summary: The funds wrapped sold to Chase clients are Chase Strategic Portfolio. These are more as portfolios of funds or funds of funds that use mostly JPMorgan [...]
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