German asset manager DWS has extended its strategic alliance with Nippon Life for another five years to enhance distribution reach, product innovation and research acuity.

Under the alliance, the two companies will continue identifying funds to distribute in their respective distribution channels, including DWS’ exchange-traded fund options for Japanese investors.

The partners will also collaborate more closely in the areas of insurance advisory and solutions, and integrate the best of each other’s research capability to supplement knowledge gaps and cultivate research talent at both companies.

Stefan Hoops, chief executive officer of DWS, comments: “The last five years are a testament to the strengths and merits of this partnership. We are therefore proud to be able to extend this strategic alliance for another five years, increase our collaboration and aim to create even greater value for both companies.”

Nippon Life managing executive officer Minoru Kimura adds: “By complementing each other’s strengths and working on areas such as greater investments, distribution, knowledge transfer and outside-of-Japan collaboration, this agreement will position both companies well in order to expand its asset management business globally.”

In the last five years, the alliance saw increased investments made by Nippon Life into DWS product solutions, joint product distribution through the establishment of a mutual network, and new business collaboration with Nippon Life’s group affiliates, DWS says in a statement.