KCGI Asset Management will recruit "KCGI Target Convertible Bond Mix No. 4." It is a product that is converted to a bond type when the target return is achieved by investing 50% or more of bonds and 30% or less of stocks.
KCGI Asset Management explained on the 16th, "As the stock market has recently risen sharply in a short period of time, there have been many requests from investors who have difficulty setting the target conversion type due to concerns about high-point recognition and volatility." In particular, as market interest rates have recently fallen to around 2%, there have been many requests from customers in the banking sector seeking medium-risk returns.
KCGI Asset Management has attracted 510 billion won in funds with Korea bond mix and small cap stocks since its first launch of the target convertible fund in April. Starting with 56 billion won in target conversion type [bond mix] No. 1, 510.7 billion won in target conversion type alone, including 276.8 billion won in No. 2, 134.7 billion won in No. 3, and 43.2 billion won in target conversion small cap (stock).
The fund is a bond-mixed type that seeks excess returns by investing more than 50% in high-quality bonds such as government bonds, monetary security bonds, and high-quality financial bonds and corporate bonds (bond AA-above, shear bonds, CPA1-above) and investing less than 30% in domestic stocks to secure stability.
The investment grade is operated in grade 4 (normal risk). After achieving the target return of 6%, it will be converted to a bond type that sells all equity assets and invests only in bond-related assets, and the investment grade will be changed to grade 5 (low risk).
KCGI Asset Management said, "We plan to secure stable profits through the incorporation of superior bonds and achieve target returns early by utilizing the KCGI Korea Fund's management experience in the stock sector."
This fund is a unit-type fund that can only be subscribed during the recruitment period and cannot be purchased after the recruitment period, and there is no redemption fee for intermediate redemption. The sales fee is within 1.0% of the advance fee based on Class A, and the total remuneration is 0.443%.
The recruitment period is from October 16 to 30, and you can join Kookmin Bank, Gyeongnam Bank, Kyobo Securities, Meritz Securities, Mirae Asset Securities, Shinhan Investment & Securities, Yuanta Securities, IM Securities, NH Investment & Securities, and KCGI Asset Management.
