Posted inBusiness moves

Edmond de Rothschild, Samsung ink partnership

The partnership involves Samsung's forthcoming European high dividend fund.

A memorandum of understanding was signed on 19 April.

Under the agreement, Samsung will structure its fund range by utilising Edmond de Rothschild’s expertise in European equities and corporate debt, the Swiss firm said in a statement.

As a result, Samsung will launch a European high-dividend fund toward the end of the second quarter, while Rothschild will act as the fund’s advisor.

In addition, Samsung will distribute Rothschild’s flagship European convertible bond fund in South Korea. The European fund is currently going through the South Korean registration process.

Both firms are also in discussions over launching an Asian equity fund.

Samsung has had a busy month. It recently launched six target date funds in South Korea and an oil ETF in Hong Kong.

Part of the Mark Allen Group.