J.P. Morgan Asset Management aims to double its Asia-Pacific assets under management to $600 billion within the next five years, driven by optimism about active ETF growth and emerging market opportunities in the region.

Speaking at a conference in Seoul on Tuesday, Asia-Pacific CEO Dan Watkins stated: "Our objective is to achieve another doubling of our Asia-Pacific business over the next five years. Our long-term ambition is to expand our operations to $1 trillion."

According to the company's financial reports, it managed $302 billion in assets across the Asia-Pacific region as of the end of 2024. Watkins noted this represents more than double the amount since he first arrived in the region in 2019.

Growing client interest in active ETFs has been a key driver of business expansion. The firm launched its first such product in Taiwan in September, enabling investors to access U.S. technology companies.

In July, J.P. Morgan Asset Management became the sole foreign institution among three asset management companies selected by the Monetary Authority of Singapore, receiving a combined mandate of S$1.1 billion ($847 million) aimed at strengthening the local equity market.

Watkins indicated that the company views markets including Australia, Singapore, Southeast Asia, and South Korea as having "significant momentum and substantial growth potential."

The New York-headquartered firm managed $3.7 trillion in global assets as of the end of March.