JP Morgan Asset Management aims for US$1 trillion in active ETFs assets

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”.

“The vast bulk of ETFs are indexed passive strategies. But that has changed, now that managers like JP Morgan can take the best active capabilities and implement them in ETF structures,” he added.