Korea Investment & Securities expands global ties with Fidelity, PIMCO, Carlyle

Korea Investment & Securities (KIS) has entered into a series of strategic partnerships earlier this week with global asset managers Fidelity, PIMCO and Carlyle, expanding cooperation across research, equities, fixed income and alternative investments, the company said Thursday. On Monday in London, KIS signed a strategic partnership agreement with Fidelity, a global asset manager overseeing roughly $7.8 trillion in assets. Under the agreement, KIS will provide Korean investors with exclusive access to Fidelity's research capabilities while exploring joint product development and co-investment opportunities. The partnership's first joint product, a Korea-China-U.S. technology fund, is under development. On Wednesday in New York, KIS signed separate agreements with PIMCO and Carlyle. PIMCO is a global fixed income specialist managing approximately $2.33 trillion in assets. The firms plan to expand cooperation in discretionary asset management, with KIS providing PIMCO's research and fund products to Korean customers. They will also cooperate on customized products using PIMCO's asset manag