KCGI Asset Management announced on the 12th that it will begin recruiting for the 'KCGI Target Conversion Bond Mixed Fund No. 3.' The recruitment period is until the 25th.
The KCGI Target Conversion Bond Mixed Fund No. 3, like its predecessors No. 1 and No. 2, is a product that invests over 50% in bonds and less than 30% in stocks, converting to a bond type once it achieves a revenue target of 6%.
The No. 1 fund launched by KCGI Asset Management in April attracted 56 billion won, while No. 2 saw 276.8 billion won in popularity. KCGI Asset Management noted that with the market interest rate having dropped to around 2%, investors flocked to mid-risk, mid-revenue products as the domestic stock market showed signs of recovery.
A representative from KCGI Asset Management said, 'The KCGI Target Conversion Bond Mixed Fund No. 3 will secure stable revenue through the inclusion of high-quality bonds and plan to achieve the target revenue early by leveraging the operational experience of the KCGI Korea Fund in the institutional sector.'
The KCGI Target Conversion Bond Mixed Fund No. 3 can only be subscribed during the recruitment period, and purchases will not be possible afterward. However, unlike typical unit funds, which have restrictions on redemption before achieving their targets, the KCGI Target Conversion Bond Mixed Fund No. 3 does not impose early redemption fees. The sales charge is a front-end fee of up to 1.0% based on Class A, and the total fee is 0.443%.
Subscriptions can be made through sales firms such as KB Kookmin Bank, MERITZ Securities, Mirae Asset Securities, Samsung Securities, Shinhan Investment Corp, Hana Securities, iM Securities, KB Securities, NH Investment & Securities, SK Securities, and KCGI Asset Management, with detailed sales schedules available by contacting each sales firm.