Fubon Asset Management has announced it has received approval from the Financial Supervisory Commission to merge with Jih Sun Securities Investment Trust. The merger aims to enhance investment expertise, capital efficiency, sales performance, and offer a broader range of products and services.
Alex Huang, Chairman of Fubon Asset Management, stated that the merger will create a complementary relationship between the two entities in terms of product offerings. Fubon Asset Management has been focusing on expanding its ETF product line with innovative solutions like active ETFs and multi-asset ETFs. Meanwhile, Jih Sun Securities Investment Trust has shown strong results in actively managed funds and money market funds. Huang noted that integrating these strengths would advance asset management capabilities and strengthen Fubon's competitive position.
The merger will also leverage distribution channels through partnerships with leading securities firms and Jih Sun's experience in banking channels to boost service capabilities and asset growth.
Huang emphasized efforts towards seamless integration as the merger date approaches to protect beneficiaries' rights linked to both companies. He expressed confidence in the merger's potential benefits, aiming for the newly formed company to capitalize on synergies within the industry and pursue its vision of becoming a first-class asset management company in Asia.