Fubon Securities Investment Trust seventh biggest in Asia

March 15, 2005

Not only is the value of the assets management business of Fubon Securities Investment Trust the greatest in Taiwan, according to Asia Asset Management magazine, it has also entered the top-ten largest in Asia (not including Japan) with a seventh place ranking for 2004. The magazine has also awarded FSIT its "Fastest Growing Assets Management Company Award" and "Best Community Service Award" for 2004.

Until FSIT entered the ranking, this top-ten list had always been occupied by South Korean companies.

FSIT took over three bond funds from troubled United Securities Investment Trust Corp. in July 2004. This helped push FSIT's total volume of assets management business to NTD 200.8 billion by the end of 2004, earning it its spot on this top-ten list.

FSIT's was also Taiwan's most profitable investment trust company in 2004. It saw its per-share, after-tax profits increase 47.1% on the year to NTD 7.24.

(United Daily News)

E-mail this page.