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JPMorgan targets $10B share in Australia's pension fund market

JPMorgan Chase & Co. seeks a $10 billion asset share in Australia's pension fund market, which is the world's fourth-largest, Bloomberg reported Feb. 1.

Rachel Farrell, the Australian head for the firm's asset management division, said the company's infrastructure and real estate asset classes, as well as its multi-asset solutions, can be used as selling points in the Australian markets. Additionally, she wants to attract local investors who are planning to diversify abroad, according to Bloomberg.

Farrell said she expects to reach JPMorgan's $10 billion target within five years, Bloomberg reported.