TOKYO -- SBI Holdings will team with U.S.-based AllianceBernstein to launch Japan's first asset management company specializing in actively managed exchange-traded funds, Nikkei has learned, offering more options to retail investors with a type of investment vehicle that has gained a following in the U.S.
Finance
SBI, AllianceBernstein to launch Japan's 1st active ETF venture
Tie-up aims to challenge retail investors' tilt toward low-cost, index-linked funds
SBI and AllianceBernstein will establish a joint venture in Japan that aims to have 1 trillion yen in assets under management within three years. (Photo by Sae Kamae)
Read Next
Latest on Finance
