Samsung points to future in Capital Group tie-up
Korean asset manager says the industry can't survive with products based on past market conditions after joining forces with high-conviction firm US firm to deliver pension solutions.
Korea’s Samsung Asset Management has struck a strategic partnership with US high-conviction firm Capital Group to provide retirement and active investment solutions to domestic individuals and institutions.
In a signing ceremony in Seoul yesterday, Samsung AM – which has $166 billion in AUM – explained the companies would work together to co-develop asset allocation products.
Even though such solutions are not popular among Koreans now, Samsung AM chief executive Sung-hoon Koo e…
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