VinaCapital Asset Management JSC has signed an Memoramdum of Understanding (MoU) with South Korea’s Kiwoom Asset Management to offer selected products to Korean investors.

Executives of VinaCapital Asset Management and Kiwoom Asset Management at the signing ceremony in Korea on January 7. — Photo courtesy of VinaCapital

VinaCapital inks deal with Kiwoom

10/01/2019

VinaCapital Asset Management JSC has signed an Memoramdum of Understanding (MoU) with South Korea’s Kiwoom Asset Management to offer selected products to Korean investors.

SR Vietnam | Business News & Business Solutions

In future, Kiwoom hopes in turn to provide its investment products to Vietnamese investors.

Seong Hoon Kim, CEO of Kiwoom Asset Management, said: "After several months of discussions and shared investment experience, we decided to sign an MoU with VinaCapital to transform our current relationship into a longer-term strategic partnership."

As part of the partnership, Kiwoom Asset Management will develop and launch new products that will tap into VinaCapital’s expertise. Initial ideas include a multi-asset fund, an index fund, a real estate fund and a fixed-income/corporate bonds fund.

Nguyen Thi Thai Thuan, CEO of VinaCapital Asset Management, said: "Our mission at VinaCapital is to deliver innovative investment products that will produce superior returns for Vietnamese and international investors.

“We are excited to extend our expertise to South Korea, not only because of South Korea’s growing interest in Viet Nam, but also because of our strategic partnership with Kiwoom.

“We believe that our deep investment experience in Viet Nam, coupled with Kiwoom’s product and distribution innovations, will enable both parties to enjoy shared success in both markets."

The Seoul-based Kiwoom has some US$40 billion under management, with 16 per cent to be overseas investment in 2019, double the 2014 figure.

VinaCapital is one of Viet Nam’s leading asset management companies, and has grown steadily since its establishment in 2003 to have around $1.8 billion in assets under management now. Its product lineup covers all asset classes including listed equity, fixed income, private equity and real estate. — VNS

Source: Bizhub.vn

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