ORIX Bank Begins Selling Investment Trusts for Individuals
May 17, 2018
TOKYO, Japan - May 17, 2018- ORIX Bank Corporation (“ORIX Bank”) announced that it will begin selling investment trusts for individuals on May 28, 2018.
Three types of investment trusts*1 will be sold. These products incorporate the investment strategy of Robeco Institutional Asset Management B.V. ( “Robeco”*2), the ORIX Group’s asset management company that has won high praise, particularly from European institutional investors. By providing investment trusts that benefit from Robeco’s achievements in medium and long-term investment management, ORIX will address its clients’ needs for stable medium and long-term asset creation, in addition to term deposits.
These products are active funds, but investment management fee is low, at around 1%, and there is no purchase fee. They can only be bought on the internet, and the application process can be done twenty-four hours a day, in principle. Customers can obtain detailed information on these products by contacting the dedicated call desk, or visiting ORIX BANK GINZA PLAZA*3.
Individual investors’ asset management needs are growing due to negative interest rates and other factors. As of March 2018, the net asset balance for publicly-offered investment trusts had increased about 10% over the previous year to 109 trillion yen*4. However, about half of individuals’ financial assets remain in the form of cash and deposits, and we expect that the shift from savings to asset creation advocated by the government will continue to propel investing.
ORIX Bank aspires to provide attractive financial products and services that utilize the ORIX Group’s comprehensive strengths and meet customer needs.
*1 Shinsei Investment Management Co., Ltd. will manage the products as domestic investment trusts, and Robeco will manage the foreign investment trusts included as a fund of funds.
*2 Robeco is a global asset management company established in Rotterdam, the Netherlands in 1929. It became part of the ORIX Group in 2013.
*3 This is ORIX Bank’s first consulting-oriented branch, which opened in GINZA SIX in April 2018. In addition to consulting on real estate investment loans and asset management, the bank supports customers with their applications for a range of products.
*4 Source: Statistical data from The Investment Trusts Association, Japan; http://www.toushin.or.jp/statistics/statistics/data/
Corporate Planning Department
ORIX Corporation (TSE: 8591; NYSE: IX) is an opportunistic, diversified, innovation-driven global powerhouse with a proven track record of profitability. Established in 1964, ORIX at present operates a diverse portfolio of businesses in the operations, financial services, and investment spaces. ORIX’s highly complementary business activities span industries including: energy, private equity, infrastructure, automotive, ship and aircraft, real estate and retail financial services. ORIX has also spread its business globally by establishing locations in a total of 38 countries and regions across the world. Through its business activities, ORIX has long been committed to corporate citizenship and environmental sustainability. For more details, please visit our website: http://www.orix.co.jp/grp/en/
(As of March 31, 2018)
Caution Concerning Forward Looking Statements:
These documents may contain forward-looking statements about expected future events and financial results that involve risks and uncertainties. Such statements are based on our current expectations and are subject to uncertainties and risks that could cause actual results to differ materially from those described in the forward-looking statements. Factors that could cause such a difference include, but are not limited to, those described under “Risk Factors” in the Company’s annual report on Form 20-F filed with the United States Securities and Exchange Commission and under “(4) Risk Factors” of the “1. Summary of Consolidated Financial Results” of the “Consolidated Financial Results April 1, 2016 – March 31, 2017.”
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