J.P. Morgan Asset Management reported assets under management of $1.5 trillion as of Sept. 30, just as they were three months prior and up 12% from the year before, according to parent company J.P. Morgan Chase's third-quarter earnings report issued Friday.
Net inflows for the quarter were $32 billion, driven by net inflows of $19 billion to long-term strategies and net inflows of $13 billion to liquidity strategies. For the 12 months ended Sept. 30, net inflows were $95 billion, driven by net inflows of $84 billion to long-term strategies and net inflows of $11 billion to liquidity strategies.
