Partnership gives Korean investors exclusive access to global market research and expands wealth management offerings
Korea Investment & Securities has teamed up with Morgan Stanley Investment Management to give Korean investors exclusive access to its global market research and expand its overseas investment offerings.
The Korean brokerage said Tuesday it signed a memorandum of understanding with the US asset manager to strengthen its investment research and wealth management services.
Under the agreement, Korea Investment will translate Morgan Stanley Investment Management's reports on global markets and economic trends into Korean and distribute them exclusively through its mobile trading platform and website.
The brokerage has also launched the Korea Investment Morgan Stanley Global Opportunity Fund, which draws on Morgan Stanley's global equity investment strategy.
The two companies plan to expand their cooperation to customized wealth management products, including wrap accounts, while jointly organizing investor seminars and employee training programs.
The partnership adds Morgan Stanley Investment Management to the brokerage's existing network of global partners, including JPMorgan, Fidelity and Pimco.
"Amid global uncertainty, customers are increasingly seeking reliable investment insights and high-quality products," said Korea Investment & Securities CEO Kim Sung-hwan, also known as Miller Kim. "We will continue to expand our global partnerships to enhance the quality of our wealth management services."
ch0221@heraldcorp.com
