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Samsung Asset Management

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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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