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Article: MassMutual Acquires Leading Mutual Fund Company in Taiwan; Fuh Hwa Investment Trust Purchase Significantly Expands MassMutual's Growing International Operations.
- Article from:
- PR Newswire
- Article date:
- March 3, 2004
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SPRINGFIELD, Mass., March 3 /PRNewswire/ -- MassMutual Financial Group today announced it has further boosted a strong and growing Asian presence through the acquisition of one of the largest mutual fund firms in Taiwan -- Fuh Hwa Investment Trust Co. Ltd.
Massachusetts Mutual Life Insurance Company (MassMutual) -- together with Mercuries & Associates Ltd. and MassMutual Mercuries Life Insurance Co. Ltd. in Taiwan -- have purchased a majority (68 percent) ownership of privately held Fuh Hwa.
Fuh Hwa is the sixth largest mutual fund company in Taiwan with more than $4.1 billion in assets under management. Established in 1997, Fuh Hwa has experienced ...