JPMorgan Asset Management has secured a new distinction: the firm is now the world's largest issuer of actively managed exchange-traded funds (ETFs).
Data compiled by Bloomberg shows that the asset management arm of JPMorgan Chase currently oversees nearly $257 billion in active ETF assets globally. This figure slightly exceeds the approximately $255 billion managed by Dimensional Fund Advisors.
This achievement adds another significant milestone for JPMorgan Asset Management, which was already the largest issuer of active equity and bond ETFs. Dimensional gained an early lead in the rankings by converting tens of billions of dollars from mutual fund assets into ETFs. However, JPMorgan's derivative-driven equity funds have steadily attracted inflows, propelling the firm's ascent within the $19 trillion global ETF industry. As investors, both large and small, pour into active ETFs, this demand is expected to accelerate further in 2025.
"The competition remains tight, and the lead ultimately hinges on fund flows in 2025. In this regard, JPMorgan clearly has the advantage," said Ben Johnson, Director of Client Solutions at Morningstar. "If I were to summarize why JPMorgan will top the global active ETF rankings in 2025, I would say it's primarily due to investor demand for yield and stability."
In recent years, the renewed appeal of active management has prompted issuers to engage in a land grab within the highly competitive ETF space. According to data from Bloomberg Intelligence, the share of actively managed ETFs in the nearly $14 trillion U.S. ETF market has doubled in less than a decade, fueled mainly by growing demand for derivative-backed and leveraged funds.
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