KCGI Asset Management announced on the 22nd that it will reduce the redemption payment period for four overseas funds by 2 to 4 days compared to the previous standard.
The funds in question are KCGI Global High Dividend, KCGI Global Growth Base, KCGI Global Bonds, and KCGI Global REITs, totaling four types. Previously, it took 8 to 9 business days for payment after the redemption request, but from now on it will be shortened to 5 to 6 business days.
KCGI Asset Management noted, "We decided to implement a reduction in the redemption cycle after actively reflecting investors' concerns about the inconvenience in fund management due to long redemption periods when investing in overseas funds and considering overall conditions."
In the case of existing overseas funds, redemptions typically take over a week due to time differences between countries, different payment structures, currency exchange procedures, and procedures between related institutions.
Meanwhile, the 'KCGI Global High Dividend Fund', which is included in this redemption period shortening, invests in high-quality high-dividend stocks around the world to pursue stable income revenue and long-term capital gains simultaneously.
The 'KCGI Global Growth Base Fund' is designed to invest in infrastructure corporations related to the fourth industrial revolution that are expected to expand and provide predictability in the long term, aiming for excess revenue compared to the market.
The 'KCGI Global REITs Fund' is designed to diversify investments in quality REITs (real estate investment trusts) such as logistics centers and commercial buildings in major countries.
The 'KCGI Global Bonds Fund' seeks stable interest revenue by investing in government, municipal, and corporate bond ETFs from various countries such as the United States, Europe, and emerging markets.