JPMorgan Asset Management aims to double its European assets under management to $2tn within five years, betting that wealthy Europeans will drive growth. CEO Patrick Thomson cited active ETFs, alternatives and partnerships with wealth managers as key growth drivers. The firm has already doubled its European AUM from $500bn to $1tn over nine years, with its European active ETF business reaching $60bn.
Thomson highlighted opportunities in European equities, fixed income, and infrastructure, noting the sector's regulatory push to move savers to investors. 85% of JPMorgan funds ranked above median over 10 years to July 31. The firm avoids acquisitions, favoring organic growth, while investing $600mn annually in technology and employing 1,400 engineers globally.
Source: Financial Times Companies · Summarized by HeadlinesBriefing