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Sumitomo Mitsui Trust Asset Management Launches Specialized Fund with FactSet’s New Global Robotics and Automation Index
October 22, 2018
TOKYO, Oct. 22, 2018 (GLOBE NEWSWIRE) -- FactSet, a global provider of integrated financial information, analytical applications, and industry-leading services, today announced the launch of the FactSet Global Robotics & Automation Index, a customized thematic index licensed to Sumitomo Mitsui Trust Asset Management Co., Ltd. (SMTAM), one of Japan’s largest asset managers. SMTAM will use the new index to create a specialized thematic fund.
The creation of the FactSet Global Robotics & Automation Index marks the Company’s first entry in the Japanese index mutual fund market. It also underscores FactSet’s continuing efforts to use its industry-leading data and technology advantages to develop customized thematic indexes for clients.
“Passive mutual funds are a growing market in Japan and we are thrilled to be launching our efforts in this market with SMTAM, a clear leader in the Japanese asset management industry,” said Jeremy Zhou, Head of Indexing at FactSet, “With today’s index launch, FactSet has created an efficient tool for investors to access both factor and thematic investing in a 100% rule-based and systematic approach.”
SMTAM launched the SMT Index Series in 2008 and recently added the SMT MIRAIndex Series that captures a futuristic theme. As part of this, the SMT MIRAIndex Robo was benchmarked to FactSet’s Global Robotics & Automation Index. SMTAM plans to launch new funds that contribute to their customers’ long-term asset management strategy.
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