JP MORGAN Asset Management (JPMAM) chief executive George Gatch has set an ambitious target to expand assets in the group’s active exchange-traded funds (ETF) business by more than five times to US$1 trillion in five years, from the current US$164 billion.
Speaking at its international media conference in London last week, Gatch said the growth of actively managed ETFs, in a space dominated by passive index trackers, is “one of the most fundamental changes in the asset management market”.
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