FnGuide Collaborates with indxx to Strengthen Global Index Business in Asian Markets
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FnGuide, Korea’s largest private index company, is taking significant steps to enhance its global index collaboration with indxx, a leading global index provider, particularly in Asian markets.
In a recent move, FnGuide has appointed Taeyong Lee as an advisor. Lee, previously the president and head of global ETFs at Mirae Asset Global Investments and currently the head of global strategy at Weybridge, brings a wealth of expertise to the table.
The hiring of Lee is part of FnGuide’s strategy to reinforce its collaborative relationship with indxx. With offices in India, the US, and Europe, indxx has emerged as a pioneer in providing innovative indices for over 15 years. Their remarkable track record includes the launch of 115 indices, with a combined investment product volume tracking these indices amounting to $20 billion.
Last year, the two companies signed a memorandum of understanding (MOU) to facilitate joint product development and marketing, global data sales, and the expansion of their index business in the Asian market. Looking ahead, both companies have expressed the intention of establishing a joint venture based on the outcome of their collaboration.
Kim Hee-soo, the Executive Director in charge of the index business at FnGuide, emphasized, “This strengthened partnership allows us to promptly offer innovative and diverse global indices that cater to the needs of domestic investors. Additionally, we are keen on exploring Asian markets such as Japan, China, and Vietnam.”
With FnGuide and indxx joining forces, investors can expect a new era of advanced and tailored index products designed to meet the demands of an ever-evolving market.
According to FnGuide on the 3rd, the company recently hired Taeyong Lee, former president and head of global ETFs at Mirae Asset Global Investments and currently head of global strategy at Weybridge, as an advisor.
FnGuide’s hiring of this advisor is part of strengthening its collaborative relationship with indxx. indxx, which has offices in India, the US and Europe, has been providing innovative indices for more than 15 years. A total of 115 indices have been launched so far, and the volume of investment products tracking these indices is equivalent to $20 billion.
The two companies signed a memorandum of understanding (MOU) in November last year for joint product development and marketing, global data sales, and index business expansion in the Asian market. In the medium to long term, the two companies intend to establish a joint venture based on the results of their cooperation.
Executive Director Kim Hee-soo, in charge of the index business at FnGuide, said, “With this stronger partnership, we will provide innovative and diversified global indices that meet the needs of domestic investors in a timely manner,” adding , “ Furthermore, we will try to enter Asian markets such as Japan, China, and Vietnam.” “He said.
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