KCGI Asset Management said on the 16th that it has begun recruiting for the "KCGI Target-Conversion Bond Mixed No. 4."
The fund invests at least 50% in bonds and up to 30% in stocks. After achieving a target return of 6%, it converts to a bond type by selling all equity-type assets and investing only in bond-related assets.
KCGI Asset Management said, "As the stock market has risen sharply in a short period recently, there have been many requests to set up target-conversion products from investors who find it difficult to time trades due to perceptions of a peak and concerns about volatility."
The subscription period is from the 16th to the 30th of this month. Purchases are not possible after the subscription period. KCGI Asset Management noted that there is no redemption fee for early redemptions, making cash management convenient. For Class A, the front-end load is up to 1.0%, and the total fee is 0.443%.
Subscriptions are available through distributors such as KB Kookmin Bank, BNK Kyongnam Bank, Kyobo Securities, Meritz Securities, Mirae Asset Securities, Shinhan Investment & Securities, Yuanta Securities Korea, iM Securities, NH Investment & Securities, and KCGI Asset Management.