J.P. Morgan Asset Management reported $2.077 trillion in assets under management as of Sept. 30, up 2.4% from the three months earlier and 6.8% higher than a year earlier.
Institutional assets under management totaled $945 billion as of Sept. 30, up 1.2% from June 30 and up 2.6% from Sept. 30, 2017, according to parent J.P. Morgan Chase & Co.'s quarterly earnings statement released Friday. Retail AUM was $556 billion and private banking client assets totaled $576 billion.
Total net inflows to JPMAM's investment strategies were $22 billion and performance gains were $27 billion in the third quarter, compared to net inflows of $21 billion and performance losses of $9 billion in the second quarter. Inflows were up a net $26 billion and investment gains were $43 billion in the quarter ended Sept. 30, 2017.
JPMAM experienced positive net inflows in all asset classes, said Marianne Lake, chief financial officer of J.P. Morgan Chase, during an earnings call Friday.
Assets in JPMAM's multiasset and alternative investment strategies rose to $705 billion as of Sept. 30, an increase of 1.7% compared to three months earlier and up 10.5% from a year earlier. Net inflows for the asset class were $4 billion in the quarter ended Sept. 30 and up $9 billion from both the previous quarter and the third quarter of 2017.
Liquidity assets attracted the highest net inflows — $14 billion — among JPMAM's asset class categories in the current quarter, bringing AUM for the category to $463 billion up 3.3% from June 30 and up 5% from Sept. 30, 2017. Net inflows for the asset class were $17 billion in the quarter ended June 30 and $5 billion in the third quarter of 2017.