JPMorgan Asset Management's Asia-Pacific assets grow by almost a third in 12 months to about $400 billion

Bloomberg reports JPMorgan Asset Management's Asia-Pacific assets under management rose by almost a third in 12 months to about $400 billion, putting it on course to exceed its $600 billion target for 2030. Regional CEO Dan Watkins credited wealthy investors with much of the growth. The Business Times reports that Watkins expects China and Australia to be key growth engines, with Japan third.