KCGI Asset Management said on the 28th that the net worth of the "KCGI Salaryman Fund" has surpassed 500 billion won. Launched in 2018 to help office workers build long-term assets, the fund's net worth has increased 350-fold in eight years.
KCGI Asset Management said that 79% of current subscribers to the fund have joined through individual pension and retirement pension accounts, and 46% of them invest on an installment basis, steadily increasing assets under management.
As of the 16th, the one-year return was 55.4%. Its return rankings over the 1-, 3- and 5-year periods were within the top 36%. Since inception, the return is 150.6%, within the top 26% among peers. Annualized, that is 12%.
Period standard deviation, which indicates volatility, was also solid. It was below the category average across all periods, which can be interpreted as lower volatility.
It also posted positive results on the Sharpe ratio, a metric that measures return relative to risk. The Sharpe ratio measures excess return per unit of risk; the higher the number, the more excess return for the same risk. The Salaryman Fund's 1-, 3- and 5-year Sharpe ratio rankings were within the top 23%.
An official at KCGI Asset Management said, "By analyzing a large set of back data, we combined asset classes with strong long-term returns and low correlation to enable stable realization of returns," adding, "We diversified across nine master funds, including stocks in major countries such as Korea and the United States as well as bonds, REITs and infrastructure, and pursued both stability and growth through rebalancing."
The official added, "Focusing on growth companies that benefit from global megatrends—technological change, climate change and demographic shifts—and pursuing a strategy to enhance long-term returns also contributed to boosting returns."