Japan Post Insurance Co and Ashmore Group plc have formed a strategic partnership that will see the Japanese state-owned firm invest an initial US$1 billion in emerging market funds managed by the UK asset manager.
It will also purchase shares equivalent to up to 2.9% stake in Ashmore from the open market.
Ashmore, which has been collaborating with the insurer since 2010, announced their new deal in a statement on March 31, saying that the move will “facilitate enhanced access for the company to Japanese clients, as well as expanded access to emerging markets for Japan Post Insurance, delivering long-term value creation for both parties”.
“Ashmore will provide investment strategies that meet Japan Post Insurance’s investment and risk objectives.”
London-based Ashmore managed around $52.5 billion of assets as of end-2025.
Tokyo-based Japan Post Insurance, a unit of state-owned postal and banking conglomerate Japan Post Holdings, has around 68 trillion yen ($428.4 billion) of assets.
