Korea Investment Securities announced on the 20th that it will exclusively sell the profit differentiation public fund "Korea Investment Hanmi Core Growth Focus Fund." Subscription will be open until the 5th of next month, and the establishment date is set for the 8th of next month.
The Korea Investment Hanmi Core Growth Focus Fund invests in listed stocks within major industries in Korea and the United States. The domestic themes are companies benefiting from the commercial law amendment, K-wave, and export companies. The U.S. themes include artificial intelligence (AI) infrastructure, AI innovation companies, digital finance leaders, big pharma & biotech, and power infrastructure.
This fund is a public offering fund (private indirect fund) that invests in seven private funds operated under each theme. Korea Investment Management will take charge of the management.
This fund is a profit differentiation fund that prioritizes customers and has affiliates, including Korea Investment Holdings, in a secondary position. If a loss occurs in the fund, the secondary investors will first reflect the loss up to -15%. When revenue is generated, both the senior and junior investors will share profits at an 85:15 ratio up to the first 10% of each private fund's revenue, and beyond 10%, the senior and junior investors will split it in a 55:45 ratio.
The management period is three years, and if the yield before maturity reaches 15%, early repayment will occur. If the repayment condition is met within one year of establishment, repayment will take place 15 business days after the minimum holding period (one year) has passed; if the repayment condition is met after one year, repayment will occur 15 business days after that respective date.
Yang Won-taek, head of investment products at Korea Investment Securities, noted, "This product was designed to enhance investment stability for customers in the face of high volatility in domestic and foreign stock markets," adding that "there are plans to launch various products in the future to improve customer investment revenue."