Korea Investment & Securities announced on the 8th that it will sell the performance-differentiated public offering fund 'Korea Investment U.S. Economic Led Industry Fund.'
The Korea Investment U.S. Economic Led Industry Fund is a product that invests in U.S. listed stocks that can deepen the strong trend of the U.S. economy among key industries leading future growth. It is a public offering private equity fund (private equity fund of funds) that invests in seven private equity funds managed by themes including semiconductors & hardware, AI & software, pharmaceuticals & biotechnology, future financial services, traditional & future energy, infrastructure, and aerospace & defense. Korea Investment Trust Management is responsible for managing the fund.
This fund is a performance-differentiated fund that prioritizes customers and places affiliates including Korea Investment Financial Holdings in a subordinate position. Even if the fund suffers losses, affiliates of Korea Investment Financial Holdings will bear up to 15%. Conversely, if profits are generated, revenues from each private equity fund will be distributed at a ratio of 85 to 15 between senior and subordinate investors up to 10%, and profits exceeding 10% will be divided at a ratio of 55 to 45 between the two.
The operation period is three years, and if the yield reaches 15% before maturity, early repayment will be made. If the repayment condition is met within one year of establishment, it will be repaid 15 business days after the minimum holding period (one year) is reached. If the repayment condition is met after one year, repayment will be made 15 business days from that date.
Yang Won-taek, head of the investment product division, noted, "This product was designed to enhance investment stability for customers in a highly volatile domestic and international stock market," adding, "We plan to launch various products in the future to improve customer revenue."
Subscriptions will be accepted until Jan. 22, and the establishment date is Jan. 23. Online registration is also available. For more details, customers can check with Korea Investment & Securities branches and website.