Samsung Asset Management Co., Ltd.
Native name
삼성자산운용 (三星資産運用)
FormerlySamsung Life Investment Trust Management
Samsung Investment Trust Management
TypeSubsidiary
IndustryInvestment Management
Founded1998 (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 (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.

History

On 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

  1. ↑ "asset managers in Asia with $233.4 billion in AUM". eng.samsungfund.com. September 30, 2020.
  2. ↑ "Form ADV" (PDF). SEC.
  3. 1 2 3 4 5 "Annual Report 2021" (PDF). 2022-06-13. Archived from the original (PDF) on 2022-06-13. Retrieved 2023-01-14.
  4. ↑ "Samsung Asset plans new global macro fund". koreajoongangdaily.joins.com. 2016-06-01. Retrieved 2023-01-14.
  5. ↑ "Samsung Asset Likes China Consumer Stocks as Spending to Boom". Bloomberg.com. 2010-10-08. Retrieved 2023-01-14.
  6. 1 2 "Samsung Life seeks to wholly own Samsung Asset Management - Pulse by Maeil Business News Korea". pulsenews.co.kr (in Korean). Retrieved 2023-01-14.
  7. ↑ "Tax rules may hinder ETF growth in Korea, says Samsung AM | Fund Managers". AsianInvestor. 2010-04-29. Retrieved 2023-01-14.
  8. ↑ Global, K. E. D. "ETFs entice Korean investors amid volatile market". KED Global. Retrieved 2023-01-14.
  9. ↑ "Samsung Investments readies Asia expansion | Moves | AsianInvestor". 2021-06-25. Archived from the original on 2021-06-25. Retrieved 2023-01-14.
  10. 1 2 "Samsung Investments names CIO for Singapore office". Reuters. 2008-09-29. Retrieved 2023-01-14.
  11. ↑ "Capital Group, Samsung Asset Management form strategic partnership in Korea". Pensions & Investments. 2015-10-14. Retrieved 2023-01-14.
  12. ↑ "Samsung Asset Management continues to actively target China's ETF market". GlobalEconomic GlobalEdition (in Korean). 2021-01-08. Retrieved 2023-01-14.
  13. ↑ "Edmond de Rothschild teams up with Samsung Asset Management". InternationalInvestment. 2016-04-29. Retrieved 2023-01-14.
  14. ↑ "Investment firms spin off units". koreajoongangdaily.joins.com. 2016-08-29. Retrieved 2023-01-14.
  15. ↑ "Samsung Asset Management launches first blockchain-focused ETF in Hong Kong". South China Morning Post. 2022-06-12. Retrieved 2023-01-14.
  16. ↑ "Samsung Fund Unit Considers More Hong Kong Crypto Products After ETF". Bloomberg.com. 2023-01-13. Retrieved 2023-01-14.


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