Update: Market Chatter: JPMorgan Asset Management Targets $2 Trillion in European Assets by 2031

03:47 AM EDT, 10/13/2026 (MT Newswires) -- (Update to add JPMorgan's comment in the fourth paragraph.) JPMorgan (JPM) Asset Management aims to double its assets under management in Europe to $2 trillion over the next five years, the Financial Times reported Sunday. The growth plan focuses on active exchange-traded funds, alternative investments and partnerships with wealth managers, according to the report. Patrick Thomson, the unit's EMEA chief executive, said the company sees opportunities in European stocks and bonds, as well as infrastructure investments in energy networks and the energy transition, the report said. JPMorgan confirmed the report was accurate but declined to comment further (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)