Eastspring Asset Management Korea noted on the 14th that it will launch the "Tomorrow Repurchase Short-Term Bond Fund." This fund features a short redemption cycle similar to a money market fund (MMF) and has no redemption fees, making it advantageous for liquidity. Investors can request a redemption before 5 p.m. on the transaction day and will receive the redemption proceeds within two business days based on the standard price from the redemption request date.
The fund primarily invests in high-quality bonds with a rating of AA- or higher, commercial papers rated A1, and short-term bonds, selectively investing in commercial papers rated A2 to pursue both stability and revenue. Additionally, it conducts relative value analysis to invest in securities with high yields within the same sector or maturity, and it generates additional revenue through the sale of repurchase agreements and other means. The duration, which is the average recovery period for invested funds, is maintained at a short level of 0.3 years.
The Tomorrow Repurchase Short-Term Bond Fund plans to invest in line with interest rate trends. During periods of rising interest rates, it will expand the share of ultra-short-term assets to reduce interest rate fluctuation risks, while during periods of falling interest rates, it will extend the duration. In periods of stable interest rates, it will increase the share of high-interest assets and selectively incorporate liquid assets and A2-rated commercial papers to secure yield.
Park Cheon-woong, CEO of Eastspring Asset Management Korea, said, "As the domestic financial market continues to experience severe volatility, there is a growing interest in investment opportunities that combine liquidity, stability, and revenue. I expect that the Tomorrow Repurchase Short-Term Bond Fund will provide investors with stable revenue generation and flexible asset management opportunities."