Printer Friendly

Nikko Asset, Sanford C. Bernstein tie up on investment fund.

TOKYO, Jan. 5 Kyodo

Nikko Asset Management Co. said Wednesday it has agreed to tie up with U.S. asset management firm Sanford C. Bernstein and Co. over investment trusts targeted at foreign stocks.

Under the agreement, the two companies will cooperate in the development and management of trusts that invest in foreign stocks, Nikko Asset Management said.

Nikko Asset Management, a unit of Nikko Securities Co., already has a broad business agreement with Fischer Francis Trees and Watts Inc. of the United States on investment in foreign bonds.

In a related development, Dai-Ichi Kangyo Fuji Trust and Banking Co. said it has signed a contract with Sanford C. Bernstein to obtain financial information about some 600 U.S. businesses for use in pension-fund management.

Dai-Ichi Kangyo Fuji Trust is a joint venture of Dai-Ichi Kangyo Bank and Fuji Bank.
COPYRIGHT 2000 Kyodo News International, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2000 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Comment:Nikko Asset, Sanford C. Bernstein tie up on investment fund.
Publication:Japan Weekly Monitor
Geographic Code:1USA
Date:Jan 10, 2000
Words:140
Previous Article:BOJ moves to drain funds from money market.
Next Article:Tokyo stocks close sharply lower on Wall Street plunge.
Topics:


Related Articles
Nikko Securities to cut employees in U.S.
Nikko's rating outlook lowered to stable from positive.
Nikko shareholders approve venture with Citigroup.
Nikko, Tokyo-Mitsubishi to hold tie-up talks+.
Nikko to boost info gathering via tie-up with Citigroup.
Citigroup to double stake in Japan's Nikko Securities+.
Tokyo-M'bishi president-designate eyes investment bank ties+.
Ex-employee at Nikko affiliate held for embezzlement.
New Yorkers lead the pack in independent investment.
Import shipments plummet.

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters