Core Insights - J.P. Morgan Asset Management released its 2026 Long-Term Capital Market Assumptions (LTCMAs), marking the 30th anniversary of this flagship report, which provides a 10-15 year outlook on returns and risks across various asset classes [1][2][8] Market Outlook - The forecast annual return for a USD 60/40 stock-bond portfolio over the next 10-15 years is projected at 6.4%, with an increase to 6.9% for a 60/40+ portfolio that includes 30% in diversified alternatives [2][4] - Despite labor constraints impacting long-term growth, AI adoption is expected to enhance profits in the near term and productivity in the long term [2][4] Economic and Investment Trends - The report highlights the resilience of markets despite slower growth projections, with strong asset return forecasts [4][5] - Economic nationalism is identified as a challenge that may lead to increased domestic investment, presenting opportunities for investors [4] - The ongoing technology boom, particularly in AI, is seen as a critical driver of market momentum, necessitating active management to identify potential winners and losers [4][5] Asset Class Projections - U.S. large cap equities are expected to return 6.7%, while global equities are projected at 7% and emerging markets equities at 7.8% [13] - Private equity is forecasted to return 10.2%, and U.S. core real estate is expected to yield 8.2% [13] - Commodities are projected to return 4.6%, with gold expected to rise to 5.5% [13] Strategic Recommendations - Diversification is emphasized as essential for managing risk and achieving returns in a volatile inflation environment [5] - Investors are encouraged to adopt a goals-based investment strategy to maintain alignment and adaptability in uncertain conditions [3][5]

Core Viewpoint - J.P. Morgan Asset Management is liquidating two ETFs, the JPMorgan Carbon Transition U.S. Equity ETF (JCTR) and the JPMorgan Climate Change Solutions ETF (TEMP), with the last trading day set for October 3, 2025 [1]. Group 1: Liquidation Details - Shareholders can buy and sell their shares at market prices before the delisting date [1]. - Proceeds from the liquidation will be distributed to shareholders at net asset value around October 10, 2025 [2]. - Shareholders holding shares on the liquidation date will receive a cash distribution equal to the net asset value of their shares [2]. Group 2: Tax Implications - Shareholders receiving a liquidating distribution may recognize a capital gain or loss based on the amount received compared to their adjusted basis in the shares, particularly for those in taxable accounts [3]. Group 3: Company Overview - J.P. Morgan Asset Management manages $3.8 trillion in assets as of June 30, 2025, serving a diverse clientele including institutions and high net worth individuals [4]. - JPMorgan Chase & Co. has $4.6 trillion in assets and $357 billion in stockholders' equity as of June 30, 2025, and is a leader in various financial services [5].