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Samsung Asset Management

From Wikipedia, the free encyclopedia

Samsung Asset Management Co., Ltd.
Native name
삼성자산운용 (三星資産運用)
FormerlySamsung Life Investment Trust Management
Samsung Investment Trust Management
Company typeSubsidiary
IndustryInvestment Management
Founded1998; 26 years ago (1998)
HeadquartersSeoul, South Korea
Key people
Seo Bong-Kyun (CEO)
AUMIncrease US$233.4 billion (2020)[1]
Number of employees
369 (2022)
ParentSamsung Life Insurance
Websitewww.samsungfund.com
Footnotes / references
[2]

Samsung Asset Management Co., Ltd. (Korean: 삼성자산운용) is a South Korean asset management company headquartered in Seoul, South Korea, and a subsidiary of the Samsung Life Insurance. It is the largest asset management company in South Korea.[citation needed]

History

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In September 1998, Samsung Life Investment Trust Management was founded.[3][4]

In March 2000, the company changed its name to Samsung Investment Trust Management.[3] It became part of Samsung Securities.[5][6]

In January 2002, the company listed its first ETF, KODEX 200 on the Korea Exchange.[3][7][8]

In November 2007, the company opened its first overseas office in Hong Kong.[3][9][10] A year later it opened an office in Singapore.[10]

In April 2010, the company changed its name to Samsung Asset Management.[3]

In 2014, the company became a wholly owned subsidiary of Samsung Life Insurance.[6]

In 2015, the company and the Capital Group signed a strategic partnership agreement to develop active investment strategies for investors in Korea.[11] In the same year, it also signed a strategic partnership agreement with China Construction Bank to launch ETF products in China.[12]

In 2016, the company signed a strategic partnership agreement with Edmond de Rothschild Group to cross sell mutual funds in Korea and Europe.[13]

In 2017, the company spun off Samsung Active Asset Management and Samsung Hedge Asset Management.[14]

In 2022, the company launched Samsung Blockchain Technologies ETF, the first of its kind in Hong Kong.[15]

In January 2023, the company launched Samsung Bitcoin Futures Active ETF in Hong Kong.[16]

References

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  1. ^ "asset managers in Asia with $233.4 billion in AUM". eng.samsungfund.com. 30 September 2020.
  2. ^ "Form ADV" (PDF). SEC.
  3. ^ a b c d e "Annual Report 2021" (PDF). 13 June 2022. Archived from the original (PDF) on 13 June 2022. Retrieved 14 January 2023.
  4. ^ "Samsung Asset plans new global macro fund". Korea JoongAng Daily. 1 June 2016. Retrieved 14 January 2023.
  5. ^ "Samsung Asset Likes China Consumer Stocks as Spending to Boom". Bloomberg.com. 8 October 2010. Retrieved 14 January 2023.
  6. ^ a b "Samsung Life seeks to wholly own Samsung Asset Management - Pulse by Maeil Business News Korea". pulsenews.co.kr (in Korean). Retrieved 14 January 2023.
  7. ^ "Tax rules may hinder ETF growth in Korea, says Samsung AM | Fund Managers". AsianInvestor. 29 April 2010. Retrieved 14 January 2023.
  8. ^ "ETFs entice Korean investors amid volatile market". The Korea Economic Daily. Retrieved 14 January 2023.
  9. ^ "Samsung Investments readies Asia expansion | Moves | AsianInvestor". 25 June 2021. Archived from the original on 25 June 2021. Retrieved 14 January 2023.
  10. ^ a b "Samsung Investments names CIO for Singapore office". Reuters. 29 September 2008. Retrieved 14 January 2023.
  11. ^ "Capital Group, Samsung Asset Management form strategic partnership in Korea". Pensions & Investments. 14 October 2015. Retrieved 14 January 2023.
  12. ^ "Samsung Asset Management continues to actively target China's ETF market". GlobalEconomic GlobalEdition (in Korean). 8 January 2021. Retrieved 14 January 2023.
  13. ^ "Edmond de Rothschild teams up with Samsung Asset Management". InternationalInvestment. 29 April 2016. Retrieved 14 January 2023.
  14. ^ "Investment firms spin off units". Korea JoongAng Daily. 29 August 2016. Retrieved 14 January 2023.
  15. ^ "Samsung Asset Management launches first blockchain-focused ETF in Hong Kong". South China Morning Post. 12 June 2022. Retrieved 14 January 2023.
  16. ^ "Samsung Fund Unit Considers More Hong Kong Crypto Products After ETF". Bloomberg.com. 13 January 2023. Retrieved 14 January 2023.
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