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Mirae Asset was founded by Hyeon Joo Park in 1997 and introduced the first mutual funds to Korean retail investors in 1998. On a global consolidated basis, total group’s client assets exceed US$550 billion (as of December, 2020).
Franklin Resources, Inc. [1] Franklin Resources, Inc. is an American multinational holding company that, together with its subsidiaries, is referred to as Franklin Templeton; it is a global investment firm founded in New York City in 1947 as Franklin Distributors, Inc. It is listed on the New York Stock Exchange under the ticker symbol BEN, in ...
Mirae Asset Securities was founded in 1999, a year after Mirae Asset Global Investments, Korea's first retail mutual funds offering asset management company, was founded. [citation needed] In the meantime, Daewoo Securities was founded in 1970 as a part of the conglomerate Daewoo Corporation. Daewoo Securities was spun off from the Daewoo ...
Money is collected from investors by way of floating various collective investment schemes, e.g. mutual fund schemes. In general, an AMC is a company that is engaged primarily in the business of investing in, and managing, portfolios of securities.
Park Hyeon-Joo. Park Hyeon-joo is a South Korean billionaire business magnate and representative investment strategist. He is the founder of Mirae Asset Financial Group, which consists of asset management, investment banking, stock brokerage, life insurance, venture capital, and other financial services. Park was born in Gwangju Metropolitan City.
Wellington Management Company. Wellington Management Company is a private, independent investment management firm with client assets under management totaling over US$1 trillion based in Boston, Massachusetts, United States. The firm serves as an investment advisor to over 2,200 institutions [2] in over 60 countries, as of 30 June 2020. [3]
MFS Investment Management (MFS) is an American-based global investment manager, formerly known as Massachusetts Financial Services. Founded in 1924, MFS is one of the oldest asset management companies in the world and has been credited with pioneering the mutual fund. [1] The first mutual fund, the Massachusetts Investors Trust fund, is still ...
Mutual fund statistics. The total Assets Under Management (AUM) of the Indian mutual fund industry as of December 31, 2023, stood at a staggering ₹ 50.78 trillion (US$610 billion). This is a significant milestone, marking over a six-fold increase compared to the ₹ 8.26 trillion (US$99 billion) recorded in December 2013.