Executives of VinaCapital Asset Management and Kiwoom Asset Management at the signing ceremony in Korea on January 7. (Photo: courtesy of VinaCapital)HCM City (VNA) – VinaCapital Asset Management JSC has inked amemorandum of understanding (MoU) with the Republic of Korea’s Kiwoom AssetManagement to offer selected products to Korean investors.
In future, Kiwoom hopes in turn to provide its investment products toVietnamese investors.
Seong Hoon Kim, CEO of Kiwoom Asset Management, said “After several months ofdiscussions and shared investment experience, we decided to sign a MoU withVinaCapital to transform our current relationship into a longer-term strategicpartnership.”
As part of the partnership, Kiwoom Asset Management will develop and launch newproducts that will tap into VinaCapital’s expertise. Initial ideas include amulti-asset fund, an index fund, a real estate fund and afixed-income/corporate bond fund.
Nguyen Thi Thai Thuan, CEO of VinaCapital Asset Management, said “Our missionat VinaCapital is to deliver innovative investment products that will producesuperior returns for Vietnamese and international investors.” -VNA
VNA
