SMFG and SBI to sell Goldman bond fund with AI tool

Japanese financial groups expand alliance into wealth management

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Sumitomo Mitsui Banking Corp. and SBI Securities will sell the new fund. (Photo by Mayumi Tsumita)

MASAYUKI SHIKATA and YUKI NAKAMURA

TOKYO -- Japan's Sumitomo Mitsui Financial Group and SBI Holdings will offer an investment trust to the public starting next month that targets Goldman Sachs bonds and uses artificial intelligence to manage other assets.

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