이 누리집은 대한민국 공식 전자정부 누리집입니다.
Biz News Korea(Eng)
S. Korea govt allows asset management companies to run multiple units
- Collected
- 2016.05.12
- Distributed
- 2016.05.16
- Source
- Go Direct
The new guidelines announced by the Financial Services Commission (FSS) revising the Capital Market Law enacted in February 2009 are designed to strengthen competitiveness of asset management industry through competition in specialized fields and services.
For example, an asset company could set up subsidiaries by asset types (securities, commodities, hedge fund), by fund types (actively managed fund, index fund), or by investment styles (value stock, growth stock). The U.S.-based investment giant Bank of New York Mellon Corp. has 15 asset management firms by investment types and regions under its arm.
Samsung Investment Trust Management Co. and Truston Asset Management Co. are reported to be preparing spin-offs. Samsung Investment Trust Management that is the largest asset operator and the leader in Exchange Traded Fund is expected to separate its Active Fund operation. Mirae Asset Global Investments Co. and KB Asset Management that recently took over KDB Daewoo Securities and Hyundai Securities, respectively, are expected to run asset units separately.
By Choi Jae-won and Chae Jong-won
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