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STOXX Ltd., the operator of Deutsche Boerse Group’s index business, and a global provider of innovative and tradable index concepts, today announced that it has entered into a memorandum of understanding (MOU) with Yuanta Securities Investment Trust Company (Yuanta SITC), the largest mutual fund company in Taiwan, and Mitsubishi UFJ Trust and Banking Corp. (MUTB), the leading Japanese trust bank, to expand the smart-beta footprint in Taiwan.
Under the terms of the agreement, Yuanta plans to license a wide variety of STOXX indices – in particular, from STOXX’s smart-beta suite such as the iSTOXX MUTB Indices – to increase its smart-beta offerings to retail and institutional clients in Taiwan.
“We are pleased to expand our relationship with Yuanta and MUTB by having entered the memorandum of understanding together,” said Matteo Andreetto, chief executive officer, STOXX Limited. “The collaboration gives us the opportunity to leverage our well-recognized smart-beta index expertise in Asia and to support both organizations as a provider of innovative index concepts.”
“STOXX has always been at the forefront of the smart-beta evolution. With this agreement, we aim to work closely with Yuanta and MUTB to provide Taiwanese market participants with diversified index solutions which could potentially enhance their portfolio risk-return profile,” said Shirley Low, head of Asia Pacific, STOXX Limited.
“Yuanta is one of the most sophisticated asset management companies in Taiwan, providing investors with an unparalleled range of products and services.” said Julian Liu, chief executive officer, Yuanta Securities Investment Trust Company. “By collaborating with STOXX and MUTB, and adopting a comprehensive smart-beta philosophy, we aim to provide more consistent and efficient products and solutions to the market.”
"This collaboration is a significant step in our overseas index business," said Sunao Yokokawa, managing executive officer, Mitsubishi UFJ Trust and Banking Corp. "MUTB, through the collaboration, will contribute to the expansion of the smart-beta market in Taiwan, with our expertise in the investment management."
In May 2015, STOXX and MUTB have jointly signed a MOU to expand the smart-beta footprint in Japan and globally. The first co-branded smart-beta index, the iSTOXX MUTB Japan Quality 150 Index, was launched in August 2015 and has been licensed to MUTB and Mitsubishi UFJ Kokusai Asset Management (MUKAM) for an institutional passive fund and an exchange-traded fund listed in Japan.
Please visit www.stoxx.com for further information.
