KCGI Asset Management will recruit "KCGI Target Conversion No. 6" bond mix funds.
The fund is a structure in which more than 50% of bonds and 30% of stocks are invested and converted to bond types when the target return is achieved by 6%. The recruitment period is until the 27th.
KCGI Asset Management explained the background of the 6th setting, saying, "As the volatility of the stock market has intensified recently, there have been many requests from investors to set up a target conversion type that is difficult to determine the timing of the purchase and sale."
KCGI Asset Management has attracted about 600 billion won as a target convertible fund since its first launch in April last year.
According to KCGI Asset Management, the fund plans to pursue excess profits through flexible adjustments of growth and value stocks in the stock sector and use strategies to minimize portfolio risks by managing the proportion of industries and stocks.
In the bond sector, it plans to invest more than 50% in high-quality bonds (bond AA-above, shear bonds, CPA1-above) such as government bonds, monetary security bonds, and high-quality financial bonds and corporate bonds to buffer volatility.
The investment grade will be operated as grade 4 (normal risk), and 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 aim to achieve the target rate of return early by combining the management strategy of KCGI Korea Fund 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. There is no redemption fee even if it is repurchased in the middle. The sales fee is within 1.0% of the advance fee based on Class A, and the total remuneration is 0.443%.
Sales companies such as Hana Bank, Busan Bank, Kyobo Securities, Meritz Securities, Samsung Securities, Shinhan Securities, Yuanta Securities, Eugene Investment & Securities, Hanyang Securities, IM Securities, KB Securities, NH Securities, SK Securities, and KCGI Asset Management can sign up.
KCGI Asset Management, which changed its name after being acquired by KCGI in 2023, was selected as a consignment management company for more than 20 institutions, including pension funds, mutual aid associations, and insurance companies last year.
An official from KCGI Asset Management explained, "As we strengthened communication with sales channels, retail sales have increased significantly."
