Samsung Asset Management Co., Ltd. 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.
History
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]
External links
References
- asset managers in Asia with $233.4 billion in AUM eng.samsungfund.com, 30 September 2020^
- Form ADV SEC^
- Annual Report 2021 13 June 2022, retrieved 14 January 2023^
- Samsung Asset plans new global macro fund Korea JoongAng Daily, 1 June 2016, retrieved 14 January 2023^
- Samsung Asset Likes China Consumer Stocks as Spending to Boom Bloomberg.com, 8 October 2010, retrieved 14 January 2023^
- Samsung Life seeks to wholly own Samsung Asset Management - Pulse by Maeil Business News Korea pulsenews.co.kr, retrieved 14 January 2023^
- Tax rules may hinder ETF growth in Korea, says Samsung AM AsianInvestor, 29 April 2010, retrieved 14 January 2023^
- ETFs entice Korean investors amid volatile market The Korea Economic Daily, retrieved 14 January 2023^
- Samsung Investments readies Asia expansion 25 June 2021, retrieved 14 January 2023^
- Samsung Investments names CIO for Singapore office Reuters, 29 September 2008, retrieved 14 January 2023^
- Capital Group, Samsung Asset Management form strategic partnership in Korea Pensions & Investments, 14 October 2015, retrieved 14 January 2023^
- Samsung Asset Management continues to actively target China's ETF market GlobalEconomic GlobalEdition, 8 January 2021, retrieved 14 January 2023^
- Edmond de Rothschild teams up with Samsung Asset Management InternationalInvestment, 29 April 2016, retrieved 14 January 2023^
- Investment firms spin off units Korea JoongAng Daily, 29 August 2016, retrieved 14 January 2023^
- Samsung Asset Management launches first blockchain-focused ETF in Hong Kong South China Morning Post, 12 June 2022, retrieved 14 January 2023^
- Samsung Fund Unit Considers More Hong Kong Crypto Products After ETF Bloomberg.com, 13 January 2023, retrieved 14 January 2023^