JPMorgan Asset Management plans to double its assets under management in the Asia Pacific to US$600 billion within five years, driven by the growth of active exchange-traded funds (ETFs) and expansion into new markets in the region.

“Our ambition is to double our Asia Pacific business again over the next five years. And our long-term goal is to grow it into a US$1 trillion business,” said Dan Watkins, CEO for Asia Pacific, during a conference in Seoul on Tuesday.

The company managed US$302 billion in the region by the end of 2024, more than double the amount in 2019, when Watkins first arrived in Asia Pacific, he said.

Active ETF Growth and Regional Expansion Strategy

Growth has been supported by increasing client interest in actively managed ETFs. The firm launched its first product in Taiwan in September, allowing investors access to U.S. technology companies.

Watkins noted this development as part of the company’s broader effort to expand its offerings in line with investor demand.

Watkins said the company sees “extraordinary momentum and great growth potential” in markets such as Australia, Singapore, Southeast Asia, and Korea.

These countries are key focus areas for the company’s regional business growth.

Mandate from Monetary Authority of Singapore Strengthens Local Position

In July, JPMorgan Asset Management was the only foreign company among three selected managers to receive a S$1.1 billion mandate from the Monetary Authority of Singapore. The initiative is aimed at strengthening the local equity market.

Business Presence Expands Across Asia

The New York–based company held US$3.7 trillion in global assets as of the end of March. Its latest Asia expansion includes operations in Australia and China, where it has established a wholly owned business.

Hong Kong serves as its regional headquarters.

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This article was created with AI assistance.