JPMorgan Asset Management Asia Targets USD600bn as Regional Expansion Accelerates

JPMorgan Asset Management Asia plans to double its assets under management in the region to USD600bn within five years, building on strong growth in active exchange-traded funds (ETFs) and new market entries. The firm managed USD302bn in Asia at end-2024 — more than double its 2019 level — according to Asia-Pacific CEO Dan Watkins. Key drivers include the launch of its first active ETF in Taiwan in September and a SGD1.1bn (USD0.8bn) mandate from the Monetary Authority of Singapore in July. Watkins said the company sees high potential in Australia, Singapore, Southeast Asia and Korea. The New York-based asset manager, which oversees USD3.7tr globally, has expanded in Australia and China with Hong Kong as its regional base.