KCGI Asset Management is starting the recruitment for the second fund, thanks to the early achievement of the target revenue for the first target conversion fund.
KCGI Asset Management noted on the 16th that it has begun recruiting for the "KCGI Korea Target Conversion Bond Mixed Fund No. 2". The recruitment for this fund will continue until the 27th.
The KCGI Korea Target Conversion Bond Mixed Fund invests over 50% in high-quality bonds such as government bonds, currency stabilization securities, quality financial bonds, and corporate bonds, and up to 30% in domestic stocks. It aims for excess revenue while ensuring stability. The target revenue is 6%, and it will convert to a bond type after achieving the goal.
The first fund, established in April, raised 56 billion won and achieved a revenue of 6.15% on the 12th. It reached the target revenue within about two months of its establishment.
KCGI Asset Management stated, "The customers have continuously established funds with the same strategy," and "We plan to achieve the target revenue early by utilizing the management experience of the KCGI Korea Fund."
This fund is a unit type fund that can only be joined during the recruitment period. The sales companies that clients can join include 16 firms: KB Kookmin Bank, Hana Bank, Kyobo Securities, MERITZ Securities, Mirae Asset Securities, Samsung Securities, Shinhan Investment Corp., Yuanta Securities Korea, Eugene Securities, Hana Securities, Hyundai Motor Securities, iM Securities, KB Securities, NH Investment & Securities, and SK Securities.