On March 31, 2022, it was announced that Samsung Asset Management will make a minority investment in Amplify Holding Company LLC.
Under the terms of the transaction, Samsung Asset Management (“Samsung AM”) will acquire a minority stake in Amplify Holding Company LLC (“Amplify”) through its special purpose vehicle, Samsung Asset Management U.S. Holdings, Inc. Further terms of the deal were not disclosed.
Amplify, based in Chicago, Illinois is an investment management company specializing in ETF strategies. As of December 31, 2021, Amplify had approximately $4.4 billion in assets under management.
Samsung AM, based in Korea, is an asset manager offering ETF, SMA, equity, fixed income, and mutual funds investment strategies to clients. As of December 31, 2021, Samsung AM had approximately $258 billion in assets under management.
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