JPMorgan Chase sets ambitious goals for asset management business: doubling its scale in the Asia-Pacific region to USD 600 billion in five years
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JP Morgan plans to expand its asset size in the Asia-Pacific region to USD 60 billion by 2030, expecting to double it within five years. The company believes that the active ETF business will drive growth and is optimistic about the potential of markets such as Australia, Singapore, Southeast Asia, and South Korea. JP Morgan's managed assets in the Asia-Pacific region have reached USD 30.2 billion, more than doubling since 2019
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