Cosmo AM Plans MF For Retail Investors

Seoul-based Cosmo Asset Management plans to roll out a mutual fund targeting domestic retail investors.

Seoul-based Cosmo Asset Management (AM) plans to roll out a mutual fund targeting domestic retail investors, Asian Investor reports. South Korea’s biggest investment manager with $3.2 billion in assets under management also intends to offer products from parent company Sparx.

Korea’s Financial Services Commission (FSC) issued a collective investment business licence to Cosmo on November 16. The licence permits the firm, hitherto restricted to investment advisory activities, to run equity, fixed-income and money-market funds.

Click here for the story from Asian Investor.