Sumitomo Mitsui Trust Holdings, Inc.
Sumitomo Mitsui Trust Holdings, Inc.
Sumitomo Mitsui Trust Holdings, Inc.
Last update 2022-10-21 1199 Stocks (46 new)
Value $121.70 Bil Turnover 1 %
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Sumitomo Mitsui Trust Holdings, Inc. Profile

Sumitomo Mitsui Trust Holdings, formerly Chuo Mitsui Trust Holdings, is a Japanese financial holding company that can trace its history back to the Mitsui Trust Company that was founded in 1924. The current company was created out of a series of mergers. Chuo Trust & Banking Co. was established in 1962 and would acquire parts of Japan Securities Agents and Hokkaido Takushoku Bank before merging with Mitsui Trust in 2000, becoming the Chuo Mitsui Trust and Banking Company. The Sumitomo Trust Co. was founded in 1925 and would merge with Chuo Mitsui in 2009 to create the current holding company, Sumitomo Mitsui Trust Holdings, with the three main banks under the holding company merging to create the Sumitomo Mitsui Trust Bank in 2012. Sumitomo Mitsui Trust Bank is currently the largest trust bank in Japan and 5th largest commercial bank. Sumitomo Mitsui Trust Holdings operates through its thirty subsidiaries, including Sumitomo Mitsui Trust Panasonic Finance Co., Japan Securities Agents, and Nikko Asset Management, among many others, to cover a wide range of products and services including trust banking, retail and wholesale financial services, stock transfer, real estate, and others in Japan and on an international scale. The company currently has over 21,000 employees, with its largest operating company Sumitomo Mitsui Trust Bank having 13,500 employees spread over 168 offices, with 158 domestic offices and 10 overseas offices. Sumitomo Mitsui Trust Holdings has over $2.1 trillion in capital with almost 4 billion stocks listed in Tokyo and Nagoya Stock Exchanges. Some of its notable mutual funds, operated through its subsidiaries, include its Sumitomo Mitsui Asia Oceania Dividend Yield Stock Open, Asia Dividend Yield REIT Fund, Sumitomo Mitsui New China Fund, and Sumitomo Mitsui Value Equity Pension Fund. Its ETFs, largely through the Sumitomo Mitsui Asset Management subsidiary, include its REIT Index ETF and NIKKEI225 ETF.
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