European equity benchmarks saw mild gains, yet German automotive stocks surged 5%, making investing private assets into EV-linked supply chains a short-term tactical opportunity backed by rising order books. A ticker and fee for the ETF were not yet listed. JPMorgan Asset Management, which oversees nearly $200 billion worth of private securities within its $4 trillion of assets, will underwrite the fund’s investments in either primary or secondary markets, according to a person familiar with the matter. JPMorgan declined to comment beyond the statement. Many plan sponsors are mulling how they might slide private investments into retirement plans. Biotechnology equities jumped 6% after FDA approvals on breakthrough therapies. Private asset capital is moving toward early-stage innovators anticipating strong licensing revenues.
