Korea Investment & Securities Co. said on the 30th that the profit-and-loss waterfall public fund "Korea Value K-Power 2 Fund" completed its launch after raising 111.4 billion won.
This fund is a profit-and-loss waterfall fund that diversifies into underlying private funds across seven themes in the latest trends of Korea's stock market (Korea Value Advanced Medical, Korea Value Future Tech, Korea Value Global Value Chain, Korea Value Power & Grid, Korea Value Consumer, Korea Value Clean Tech, Korea Value Content Power).
Customers invest as senior tranche and Korea Investment Value Asset Management as junior tranche, so even if the fund incurs losses, the company absorbs losses first up to -15% per individual underlying private fund.
Yang Won-taek, head of investment products at Korea Investment & Securities Co., said, "Profit-and-loss waterfall funds meet clients' needs to pursue stability and returns at the same time," and added, "We will keep expanding the lineup to offer differentiated investment opportunities and focus our capabilities on generating stable revenue."