Malaysia’s Maybank Asset Management and Japan’s DIAM have signed a memorandum of understanding to collaborate and venture into cross-border distribution funds.
Maybank Asset Management (Maybank AM) will work together with DIAM, one of Japan’s leading fund management companies to develop fund management strategies that cover a wide span of risk profiles and investment styles catering to all types of investors, Maybank AM said in a statement to finews.asia
The two parties hope this will add further diversity to the current array of investment solutions offerings for institutional and individual investors.
Regional Expertise
With this collaboration, both parties will leverage on each other’s regional strengths, research resources, expertise and presence, combining strategies to better meet clients’ specific investment needs.
DIAM was established in 1999 by merging the asset management houses of the Industrial Bank of Japan (the current Mizuho Financial Group) and The Dai-ichi Life Insurance Company.
