TSE:8309Banks
Sumitomo Mitsui Trust Group (TSE:8309) Eyes Vietnam Growth On A Valuation That Still Looks Cheap
Sumitomo Mitsui Trust Group (TSE:8309) is moving to enter Vietnam’s asset management market through a new joint venture with Bank for Investment and Development of Vietnam, targeting investment funds and money management focused on domestic Vietnamese assets.
That Vietnam move comes at a time when momentum in Sumitomo Mitsui Trust Group’s stock has been strong. It has a 90 day share price return of 28.68% and a year to date share price return of 44.70%, alongside a 1 year total shareholder...