New Light Asset Management Co (
The merger made Shin Kong Investment Trust the 13th biggest investment trust firm in Taiwan, with assets totaling NT$68.5 billion (US$2 billion) under management and a market share of 2.78 percent, the company said at a press conference.
"We hope to boost the amount of assets to NT$70 billion next year," Shin Kong Investment Trust Chairman Philip Wu (
The company expected to squeeze into the top 10 players, with assets under management exceeding NT$100 billion in the next few years, by being a general agent of overseas mutual funds and leveraging parent financial holding firm's resources, Wu said.
Meanwhile, Shin Kong Financial declined to confirm or deny rumors of a contract with China Southern Airlines (