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Guangzhou, China, March 11, 2024 /PRNewswire/ — In recent years, Chinese asset management companies have increasingly established themselves on the world stage by establishing overseas subsidiaries and collaborating with regional partners.
Memorandum signing ceremony at E Fund Guangzhou headquarters
The MoU was signed by BBLAM CEO Dr. Nattapachara Chiarawonse and E-Fund Co-CEO Sean Hsingrong Wu.
Under these circumstances, E-Fund Management Co., Ltd. (E-Fund), Japan’s largest fund manager, China recently signed a Memorandum of Understanding (MoU) with BBL Asset Management Ltd. (BBLAM), one of the largest asset management companies in the United States. Thailand. This partnership aims to provide investors with the following services: Thailand Additionally, we will strengthen our access to China’s capital markets by expanding our portfolio of investment products and services.
Thailand Over the past few years, there has been increased interest in overseas investment opportunities. Thai investors in particular have shown great enthusiasm. China investment and investment scale China funds exceeded 4.3 billion USD by February 2024. However, the presence of Chinese track and field managers is not yet large in the Thai market.
”China Given its close ties with Thailand, it is an important market for Thai investors. Thailandas we expand our investment scope; China, we believe now is the time to strengthen and strengthen our relationships with local asset managers such as E-Fund to improve and expand our product offering and performance through a local perspective. Currently one of the most attractive markets in the world, China represents an investment opportunity through continuous technological innovation and industrial sophistication that cannot be ignored. The market itself is undervalued by global indices and we expect the percentage to increase heading into the market. China Anak Kittivat, Vice President of Global Investment Management at BBLAM, said: “The current valuation of the Chinese stock market makes it even more attractive, and we are proud to leverage E-Fund’s extensive local investment expertise in the Chinese market. This is what we aim to do by leveraging this.” By leveraging our QFII license to provide direct access to local funds and investment products in China, our goal is to offer an increasingly wide range of Chinese investment products to Thai investors, and in this respect The aim is to further strengthen cooperation with companies. ” he further added.
“We are pleased to partner with BBLAM,” he said. Sean Xinlong WuE Fund’s co-CEOs said: “This partnership demonstrates our commitment to advancing our global development strategy and our dedication to better serving investors around the world. “With this partnership, we will strengthen our global presence.” Thailand Provides Thai investors with insight and access to the Chinese market. As the market continues to develop, we look forward to offering an even wider range of solutions to our customers around the world. ”
Dr. Nattapachara Kiarawonse, CEO of BBLAM, said: “BBLAM is a broadly diversified investment management company that offers Thai clients a comprehensive global product portfolio. Cooperation with land-based fund companies will definitely strengthen our services.” China Our product offering and our investors will benefit from E Fund’s local insights and investment capabilities. ”
Both companies believe that this cooperation is well-positioned to generate synergies, expand market access, provide long-term and sustainable value to customers, and strengthen ties between the Chinese and Thai asset management industries. Sure.
About E-Fund
E-Fund Management Co., Ltd. (hereinafter “E-Fund”) was established in 2001 and is one of the world’s leading comprehensive fund managers. China Near 3 trillion yuan ($421 billion) is under control. We provide investment solutions to onshore and offshore clients, helping them achieve long-term sustainable investment performance. E Fund’s customers include both individuals and institutions, ranging from central banks, sovereign wealth funds, social security funds, pension funds, insurance and reinsurance companies to corporations and banks. The long-term oriented firm has been focused on the investment management business since its inception and believes in the power of thorough research and time when it comes to investing. The firm is a pioneer and leading practitioner of responsible investing. China Widely recognized as one of the most trusted and superior Chinese asset management companies.
Source: E-Fund. AuM is a provisional value that includes subsidiaries.Current data December 31, 2023.Exchange rates are obtained from the People’s Bank of China as of the end of December 2023.
About BBLAM
BBL Asset Management Company Limited (BBLAM) is a broad-based investment management company committed to delivering superior performance to its investors.Founded in March 1992the company has operating funds of approximately 865,578 million baht or 24 billion dollars the current December 2023.
As an affiliate of Bangkok Bank (BBL), Thailand’s largest commercial bank, which owns 75% of BBLAM shares, BBLAM receives full financing support through BBL’s strong branch network spread across the country.
BBLAM offers and manages a variety of fund types across equities, fixed income, asset allocation strategies and real estate for institutional and retail clients. BBLAM manages six real estate funds, REITs and infrastructure funds.Market value is approx. 82.12 billion baht or $2.317 billion (the current January 31, 2024), office buildings, retail stores, transportation, information and communication technology, and energy.
BBLAM’s success is based on the core belief that active management provides the best long-term returns. A unique stock selection approach that aims to generate alpha is at the heart of BBLAM’s investment philosophy. We believe that our experienced professionals and disciplined investment process allow us to continually add value to your portfolio.
SOURCE E-FUND MANAGEMENT
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