J.P. Morgan Asset Management

What J.P. Morgan Asset Management does

J.P. Morgan Asset Management is the asset management business line of JPMorgan Chase & Co. (NYSE: JPM), managing $4.1 trillion in assets as of December 31, 2025 and operating as one of the largest global asset managers across active equities, fixed income, multi-asset, private equity, real estate, and alternatives. The firm traces its heritage to J.P. Morgan & Co., founded in 1871, and serves individuals, advisors, and institutions through channels including the JPMorgan retail bank, the private bank, broker-dealers, and turnkey asset management platforms such as Altruist and GeoWealth. Its product surface spans 149 ETFs (101 active) with roughly $319B in assets, making it the world's largest active ETF provider, alongside UCITS funds, interval funds, and evergreen private equity strategies.

Core product lines include flagship active ETFs such as JEPI and JEPQ (equity premium income), JPST (ultra-short income), and the recently launched JPFP (managed futures plus), as well as the JPMorgan Income Active ETF (JPIE) in Canada and the Paris-aligned JPAW UCITS ETF. The firm has pioneered tokenized money market funds on Ethereum, with the JPMorgan OnChain Liquidity–Token Money Market Fund (JLTXX) seeded at $100M to serve stablecoin issuers under the GENIUS Act, and operates the Morgan Money platform for cash and stablecoin subscriptions. Alternative platforms provide access to private equity, private credit, real estate, and infrastructure alongside third-party managers including Blackstone, KKR, and Pantheon.

Revenue is generated primarily through asset-based management fees on AUM, with disclosed expense ratios of 59 bps for JPFP and 25 bps for JPAW as reference points for active ETF pricing. The business benefits from cross-sell via the parent conglomerate's distribution network and pursues growth through product launches, geographic expansion (particularly APAC, with a stated target to double regional AUM to $600B within five years), strategic acquisitions including OpenInvest (ESG fintech, 2021) and Campbell Global (2021), and external manager partnerships.

Name

J.P. Morgan Asset Management

Legal name

JPMorgan Asset Management Holdings Inc.

Website

https://am.jpmorgan.com

Company type

Private

Founded year

1871

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

J.P. Morgan Asset Management is the asset management division of JPMorgan Chase & Co., managing $4.1 trillion in AUM for individuals, advisors, and institutions across active ETFs, tokenized funds, private equity, and alternatives in over ten countries.

Ownership category

akta.pro rank

Product category

Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910), Other Investment Pools and Funds (5259)

SIC

Investment Advice (6282)

akta.pro primary industry

Discretionary Portfolio Management (Retail) (FSAAAAAH)

akta.pro secondary industries

Large-Cap Equity (Active) (FSAAAIAA), Advisory Portfolio Management (Non-Discretionary) (FSAAABAD), Private Banking Advisory & Discretionary Portfolio Management (FSABADAD), Managed Account Platforms (Separately Managed Accounts / Customized Portfolios) (FSAHAKAC)

Keywords

• Asset management services
• Active ETF products
• Wealth management solutions
• Institutional investment management
• Private market alternatives

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Core offering

J.P. Morgan Asset Management is a global asset manager offering actively managed and indexed investment products across equities, fixed income, multi-asset, and alternatives to individuals, advisors, and institutions. The firm manages approximately $4.1 trillion in assets under management, distributed through ETFs, mutual funds, separately managed accounts, interval funds, evergreen private equity strategies, and tokenized money market funds on public blockchains.

Product overview

J.P. Morgan Asset Management is a comprehensive financial services firm offering a broad portfolio of investment products and services. The firm operates primarily as a platform-plus-modules architecture, providing actively managed ETFs (including equity premium income, managed futures, and Paris-aligned strategies), tokenized money market funds on blockchain platforms, private wealth alternatives, private credit interval funds, evergreen private equity strategies, and alternative asset platforms. The flagship product offerings include the Morgan Money Platform for tokenized fund transactions, the JEPI/JEPQ income-focused ETFs using options strategies, and the JPMorgan Managed Futures Plus ETF. The active ETF suite has grown to approximately $319 billion in assets with 149 ETFs globally. The firm also provides institutional-grade alternative assets including private equity, real estate, and infrastructure strategies, with recent expansion into tokenized real-world assets on Ethereum and Solana blockchains.

Differentiator

Problem solved

Functional benefit

Brands

• JPMorgan ETFs: Exchange-traded funds listed on major exchanges including Toronto Stock Exchange, NYSE, Nasdaq, and London Stock Exchange
• JPMorgan Managed Futures Plus ETF (JPFP)
• Morningstar Public/Private Select Series

Products and services

• JPMorgan OnChain Liquidity-Token Money Market Fund (JLTXX) Tokenized money market fund on the Ethereum blockchain investing in U.S. Treasury securities and overnight repurchase agreements, designed to support stablecoin issuers under the GENIUS Act and enable qualified investors to subscribe and redeem via the Morgan Money platform using cash or stablecoins.
• JPMorgan Managed Futures Plus ETF (JPFP) Actively managed multi-asset ETF combining U.S. large-cap equity exposure with a managed futures strategy using proprietary quantitative models, targeting long-term capital appreciation with low-to-negative correlation to equities and fixed income.
• JPM US Equity Premium Income Active ETF (JEPI) Actively managed ETF that employs a call spread options strategy on the S&P 500 to generate income distributions, designed for investors seeking equity-linked income.
• JPMorgan Nasdaq Equity Premium Income Active ETF (JEPQ) Actively managed ETF that employs a call spread options strategy on the Nasdaq-100 to generate income distributions, providing equity-linked yield exposure to large-cap technology.
• JPM Global ex-US Research Enhanced Index Equity Active UCITS ETF (JXUS) Active UCITS ETF providing access to non-U.S. equities via the Research Enhanced Index (REI) methodology, enabling portfolio diversification beyond U.S. exposures.
• JPM Global Equity Active UCITS ETF (JGLE) Actively managed concentrated global equity UCITS ETF targeting consistent alpha through quantitative signals and fundamental research.
• JPMorgan ETFs (Ireland) ICAV – All Country Research Enhanced Index Equity Paris Aligned Active UCITS ETF (JPAW) Paris-aligned active UCITS ETF merging the Global Research Enhanced Index Equity Paris Aligned fund with $1.6 billion in assets, targeting long-term returns while aligning with Paris Agreement objectives.
• JPMorgan Ultra-Short Income ETF (JPST) Fixed income ETF providing investment-grade exposure to the ultrashort end of the yield curve with minimal duration risk, designed as a cash alternative for retail and institutional investors.
• JPMorgan Income Active ETF (JPIE) Income-focused fixed-income ETF launched in Canada providing diversified active fixed income exposure for Canadian investors.
• JPMorgan US Technology Fund Luxembourg-based fund investing in 50-70 U.S. technology stocks benefiting from AI computing infrastructure expansion, selected through fundamental bottom-up research.
• Evergreen Private Equity Strategy (APAC) Evergreen private equity strategy in Asia Pacific targeting private wealth investors, focused on small and mid-market opportunities through secondary and co-investment transactions with a multi-manager approach and potential quarterly liquidity.
• JPMorgan Public and Private Credit Fund Private credit interval fund with a higher-than-typical 7.5% quarterly redemption cap and potential monthly withdrawals, investing at least 80% in credit-related investments across U.S. and global markets.
• Korea Investment JPMorgan U.S. Tech Securities Feeder Investment Trust Fund-of-funds feeder product launched with Korea Investment & Securities that invests primarily in the JPMorgan U.S. Technology Fund, providing Korean investors access to U.S. AI computing infrastructure stocks.

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Recent moves13 records

Expansion highlights6 records

Direct peers

• BlackRock: The world's largest asset manager with over $11T in AUM, directly competing with JPMAM across active and passive equity, fixed income, ETFs (iShares), alternatives, and increasingly in tokenized assets (BUIDL fund). The most direct head-to-head competitor in institutional and advisor channels globally.
• Vanguard: One of the largest asset managers globally with a focus on low-cost index and active funds plus ETFs, directly competing with JPMAM in retail wealth, advisor, and institutional channels. Vanguard's ownership structure and persistent fee pressure make it a key competitive benchmark.
• Fidelity Investments: A major diversified asset manager competing with JPMAM across active equity, fixed income, ETFs, and retirement/wealth platforms, including the competing JPMorgan Ultra-Short Income ETF (JPST) versus Fidelity's ultrashort bond products.
• Goldman Sachs Asset Management: A bank-affiliated global asset manager with overlapping active equity, fixed income, alternatives, and ETF offerings (including active ETFs). Competes head-to-head with JPMAM in institutional mandates, private wealth alternatives, and liquid alts.
• Morgan Stanley Investment Management: The asset management arm of Morgan Stanley, with comparable active equity, fixed income, alternatives, and ETF franchises, and a strong private wealth distribution channel. Direct competitor across most asset categories served by JPMAM.
• T. Rowe Price: A leading publicly traded active asset manager with comparable active equity, fixed income, multi-asset, and ETF capabilities, serving institutional, intermediary, and retirement clients. Competes directly with JPMAM in active management and increasingly in active ETFs.
• State Street Global Advisors: The asset management arm of State Street, with major ETF (SPDR) and institutional indexing businesses, plus active and alternatives offerings. A direct peer in the ETF and institutional asset management space.
• PIMCO: One of the largest active fixed income and multi-asset managers globally, with growing active ETF (PIMCO Active Bond ETF and others) and private credit strategies. Direct competitor to JPMAM in fixed income and alternatives.
• Invesco: A global asset manager with significant ETF (Invesco QQQ), active equity, fixed income, and alternatives franchises. Directly competes with JPMAM in active ETFs and across the broader institutional and advisor channels.
• Franklin Templeton: A diversified global asset manager with active equity, fixed income, multi-asset, alternatives, and notably a leading tokenized money market fund (Franklin OnChain U.S. Government Money Fund), positioning it as a direct peer to JPMAM in both traditional and on-chain asset management.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/JPMorganAM

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A7 records

Investments50 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about J.P. Morgan Asset Management