LY Corporation shuts down PayPay Asset Management

Z Financial Corporation (ZF), Asset Management One (AM-One), and PayPay Asset Management (PPAM) have announced that PPAM plans to terminate…

Norbert Gehrke

13 Oct 2024 — 2 min read

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.

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