J.P. Morgan Asset Management aims to double its European assets under management (AUM) to $2 trillion. The firm targets this goal within the next five years. It previously grew European assets from $500 billion to $1 trillion. This growth occurred over the past nine years.
The firm's expansion strategy centers on increasing demand for active exchange-traded funds (ETFs), alternative investments, and partnerships with large wealth managers. J.P. Morgan's European active ETF business expanded to $60 billion. This growth occurred in the five years since its launch. The company intends to achieve its target through organic growth, not large-scale acquisitions.