Kyobo Securities noted that it has launched an advisory-type wrap account product, "Kyobo IM Global Top Stocks Wrap," on the 17th.
A wrap account is a customized asset management service in which a securities firm enters into an investment delegation contract with a client to create an appropriate portfolio and manage the client's assets.
The product focuses on investing in about 15 high-quality global overseas stocks and related exchange-traded funds (ETFs) that have market dominance and expected profit growth, primarily in countries like the United States that are steadily growing in the long term, Kyobo Securities explained.
The Kyobo IM Global Top Stocks Wrap is managed by Kyobo Securities using portfolio advice from IM Capital Partners.
The minimum investment amount is 50 million won, and management and performance fees apply. Principal loss may occur due to fluctuations in asset prices and exchange rates. For more details about the product, inquiries can be made at Kyobo Securities branches or the customer support center.