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[Apha Biz=(Chicago) Reporter Paul Lee] FnGuide, the nation's largest private index company, said on the 3rd that it agreed last month to strengthen cooperation with U.S. and India-based global index provider indxx to expand its global index business in the Korean and Asian markets.
indxx has offices in India, the United States and Europe and has been providing innovative indexes for investors for more than 15 years. Currently, 115 indexes have been released, and the amount of investment products that follow this index amounts to $ 20 billion.
FnGuide and indxx signed a memorandum of understanding (MOU) in November last year and decided to further strengthen their business partnership to jointly develop and market products, sell global data and expand their index business in the Asian market. In the mid- to long-term, the company plans to establish a joint venture based on the results of the cooperation projects between the two companies.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
