JPMorgan Asset Management on track to double Asia assets to $600 billion
According to Dow Jones, JPMorgan Asset Management's Asia-Pacific head says the firm is ahead of its goal to double regional assets by 2030.
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what happened
Per Dow Jones Newswires, regional tailwinds have sped up JPMorgan Asset Management's push to double its Asia-Pacific assets to $600 billion by 2030. Speaking at a media summit in Singapore, Asia-Pacific chief executive Dan Watkins said the firm has covered nearly a third of that distance a year after setting the target.
Watkins said growth is strongest in private-bank assets and alternative investments for wealthy clients, while the regional ETF business has grown fivefold since 2022. The firm recently won approval for its first active ETF in China, which was oversubscribed within a day. He also noted that only 17% of Asian industry assets are managed externally, versus 40% in Europe and nearly 60% in the U.S.
why it matters
For markets, this signals that large asset managers see Asia as a growth source amid geopolitical tensions and higher global bond yields. Watkins stressed that the trend adds alternatives to portfolios rather than marking a mass exit from U.S. assets.
market impact
Asset managers in Asia: stronger inflows into alternatives and ETFs support the sector
tags
instruments
sources
- JPMorgan Asset Management on Fast Track Toward Doubling Asia Assets to $600 Billion — Dow Jones Newswires, 27 October 2026 at 08:16 UTC
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