Sumitomo Mitsui Trust Bank (SuMi TRUST)
SuMi TRUST is one of the largest asset managers in Japan, with AUM of USD 453 billion (as of 31st March 2015). Trust banks are major players in asset management industry in Japan, and SuMi TRUST is one of them. Total AUM of Sumitomo Mitsui Trust group including two dedicated asset management firms is USD 664 billion.
SuMi TRUST manages a broad spectrum of Japanese Equity products and is well known in Japan as a principal provider of Japanese equity products for corporate and governmental pension funds.
Japanese Equity is the central component of our business with AUM of USD 115 billion (as of 31st March 2015) representing a substantial revenue stream for the Group as a whole. Out of USD 115 billion mentioned above, USD 19 billion is for active management.
SuMi TRUST also provide products investing in Asian equities. The capability was developed through its experience in Japanese equity, although it maintains investment team in Hong Kong.
Facts and Figures
One of the largest asset managers in Japan with AUM of USD 453 billion (as of 31st March2015). Total AUM of Sumitomo Mitsui Trust group including two dedicated asset management firms is USD 664 billion.
Actively managing equity funds since the introduction of corporate pension regulations in 1962.
A strong presence in Japan with 24 dedicated analysts with average experience of 16 years. (as of 31st March 2015)
Investment management industry in Japan and Trust Bank
The structure of Japanese financial industry is unique. Trust banks practice investment management business and it is one of their major lines of business. In some of the major countries, banks are recognized as a different industry from investment management, but this concept does not apply to Japan. Historically, the only financial institutions authorized to manage corporate pension before 1997 were trust banks and life insurance companies. Trust banks’ consistent dedication to professional skills as well as relationship with investors has kept them as major players in asset management business in Japan.