Mitsubishi UFJ (MTU) Continues to Expand via Strategic Deals - Analyst Blog

On Monday, MUFG Union Bank, N.A., a prime member of Mitsubishi UFJ Financial Group Inc. (MTU) announced a strategic affiliation with a business unit of Guggenheim Partners – Guggenheim Investment Advisory (GIA). Through this partnership, MUFG Union Bank will provide world-class alternative investment solutions to its customers with the help of the Guggenheim Alternatives Platform.

Further, the Guggenheim Alternatives Platform will help MUFG Union Bank and its subsidiary – HighMark Capital Management access GIA's research, market updates and thematic guidance. Additionally, integration of customized hedge fund solutions in client portfolios through GIA's online portfolio construction tools will also be accessible.

Therefore, such facilities will aid MUFG Union Bank in attracting high net worth clients and providing them with best investment options. Notably, the bank caters to the financial needs of high net worth individuals, non-profit organizations, business owners, corporate executives and professional service firms.

Over the last several years, Mitsubishi UFJ has been striving to expand inorganically. The company's primary intention is to increase revenues to partly offset the persistent lower loan demand in Japan.

The latest partnership will ensure a wider and improvised range of products, which will aid Mitsubishi UFJ expand its foothold in the industry. Currently, Mitsubishi UFJ carries a Zacks Rank #3 (Hold). Some better-ranked foreign banks include Bank of Montreal (BMO), Banco Bradesco S.A. (BBD) and Mizuho Financial Group, Inc. (MFG). All three carry a Zacks Rank #2 (Buy).