KCGI Asset Management noted that it has changed its name and more than doubled its publicly offered equity and balanced fund net worth in two years as of the 18th.
KCGI Asset Management marked the second anniversary of its name change on the 15th. The net worth of publicly offered funds, excluding private equity funds, increased by 71% from 1.7255 trillion won two years ago to 2.9548 trillion won now.
The growth of publicly offered equity and balanced funds has been remarkable. Over the two years, the net worth surged from 920.6 billion won to 1.9468 trillion won, significantly exceeding the industry's average net worth growth rate for similar funds (67%).
The KCGI Korea Fund's net worth increased by about 420 billion won over the two years, driving the growth. The KCGI Korea Target Conversion Bond Mixed Fund (272 billion won) and the KCGI Ultra Short-Term Investment Grade Bond (202.4 billion won) also saw net worths increase by more than 200 billion won.
KCGI Asset Management plans to expand its business into bonds, foreign assets, and alternative assets based on its operational strength focused on publicly offered funds. It has decided to enter the private equity fund market as well.
A representative from KCGI Asset Management said, "We will build a balanced portfolio, enhance both stability and profitability, and continuously supply products that meet customer demand to become a beloved comprehensive asset management company."
KCGI Asset Management will hold an 'investment MBTI test' event to celebrate the second anniversary of its name change until September 31. Participants who complete the test and share it with friends will have a chance to win a prize through a lottery, with a 1+1 offer. The investment MBTI is a program that reveals one's investment MBTI and suitable fund strategies based on answers to four simple questions. The event is open to everyone and can be checked on the company's official website and social media (SNS).