Nikko granted MIS licence
Tuesday, March 24th 2015, 9:28PM
Nikko Asset Management has been granted a Managed Investment Scheme licence under the FMCA.
“We are proud to be the largest fund manager to be granted a MIS Manager Licence to date,” said Peter Lynn, managing director. “This licence should provide our investors with further confidence that their assets are being managed in accordance with best practice standards and FMA requirements. We fully support the FMA’s vision to deliver increased trust and confidence in our financial markets.”
Nikko Asset Management US$160 billion in assets under management, including NZ$4 billion locally.
“We would like to thank the FMA for their guidance throughout the licensing process and look forward to continuing to work closely with them in the future,” Lynn said.
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