Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Fintech»LY Corporation shuts down PayPay Asset Management | by Norbert Gehrke | Tokyo FinTech | Oct, 2024
    Fintech

    LY Corporation shuts down PayPay Asset Management | by Norbert Gehrke | Tokyo FinTech | Oct, 2024

    October 12, 20242 Mins Read


    Norbert Gehrke

    Tokyo FinTech

    Z Financial Corporation (ZF), Asset Management One (AM-One), and PayPay Asset Management (PPAM) have announced that PPAM plans to terminate its business operations by the end of September 2025.

    1. Background and Reasons

    PPAM has been providing investment trusts primarily for individual investors and investment products for institutional investors. However, the company’s assets under management have not grown as planned, and its business performance has been sluggish. ZF and AM-One have made every effort to help PPAM recover its business performance; however, in light of PPAM’s future business outlook, they have determined that it would be difficult to continue providing the best asset management services to their clients and have agreed to terminate PPAM’s business operations.

    2. Future Plans

    Regarding the public investment trusts managed by PPAM, the company will proceed with the necessary procedures such as changing the management company or early redemption. The current policy is as shown in the table below.

    PPAM will continue to manage the investment trusts with fiduciary responsibility until the relevant procedures are completed. In addition, the assets of the investment trusts are managed separately by trust banks in accordance with the law (Trust Act (Act №108 of 2006)), so there will be no impact on the assets of the investment trusts due to the termination of the business.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Dream11 parent Dream Sports testing Dream Money App to enter fintech sector

    Fintech

    Digital Economy In India: Odisha CM Launches ‘BharatNetra’ Fintech Hub In Bhubaneswar | Business News

    Fintech

    HTX Proudly Announces Justin Sun Named Innovator of the Year at Asia FinTech Awards 2025

    Fintech

    Secret Fintech Payments Cloud $725 Million Facebook Class Action Settlement

    Fintech

    CM launches initiative to boost fintech, insurtech education | Bhubaneswar News

    Fintech

    Fintech, compliance and sustainable growth

    Fintech
    Leave A Reply Cancel Reply

    Top Picks
    Cryptocurrency

    Georgia couple loses $800K in sophisticated cryptocurrency scam

    Property

    Property expert says sell your house ‘in days’ by changing one thing with the asking price | UK | News

    Cryptocurrency

    BlockchainCloudMining: How to earn substantial and stable returns in the turbulent cryptocurrency market

    Editors Picks

    Cryptocurrency Surpasses $120,000 Mark on Major Exchange Coinbase

    July 14, 2025

    Gold Price Prediction: Buy Record Highs As Central Banks Pile in

    August 23, 2024

    A Missed Harvest for Agricultural Transformation?

    July 29, 2024

    Baisse de 6,4 % du NAV par action pour abrdn Property Income Trust, à 7,45 p en juin 2025

    July 13, 2025
    What's Hot

    PayPal Launches ‘Pay With Crypto,’ Letting US Merchants Accept Over 100 Digital Currencies

    July 28, 2025

    UK property market sees green shoots as buyers anticipate rate cut, lower mortgage rates

    July 22, 2024

    NRL news: Ben Hunt drops retirement bombshell in staggering admission about Dragons future

    August 13, 2024
    Our Picks

    Baltimore’s Merritt Properties completes construction of NC property

    July 29, 2024

    Weather, Economy, Politics Topics at GFB Commodity Conference

    August 19, 2024

    12 Incredibly Cheap Dividend Stocks to Buy Now

    March 14, 2025
    Weekly Top

    Dim Sum bonds: Dim Sum bonds: Is there more to them than meets the eye? Understand these bonds because you might hear more about them

    August 24, 2025

    The Motley Fool: Invest in diversified dividends

    August 24, 2025

    Can $750K in savings fund a full retirement?

    August 24, 2025
    Editor's Pick

    Is a Cryptocurrency Market Crash on the Horizon?

    August 24, 2025

    60% of UK landlords remain optimistic about future portfolio performance

    October 14, 2024

    Kahleah Copper on why Caitlin Clark-Angel Reese debate is so heated

    July 19, 2024
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.