JPMorgan Asset Management aims to grow assets in Asia-Pacific to $600bn over 5 years, with Australia, China, and Japan as key drivers. Currently managing $302bn in the region, the firm plans to balance institutional and private wealth clients. Market instability due to US trade policies prompts diversification towards Europe and Asia. JPMorgan sees rising interest in technology in China and manages a portion of Singapore’s $847m mandate. The firm launches active ETFs in Taiwan, targeting the US tech sector. JPMorgan’s global assets under service stand at $3.7tn, with recent expansions in China and Australia.
Read more at Yahoo Finance: JPMorgan plans $600bn asset growth in Asia-Pacific within five years-report
