NongHyup Financial Sets Asset Management Strategy Goals for This Year... "Pursuing Diversification"

At the 1st NH Nonghyup Financial Asset Management Strategy Meeting of 2020 held on the 29th at the Nonghyup Financial Headquarters located in Jung-gu, Kim Hyung-shin, Head of Business Strategy Division (Vice President) of NH Nonghyup Financial Group (third from the left in the photo) is presiding over the meeting.

[Asia Economy Reporter Kwon Haeyoung] NongHyup Financial Group held an asset management strategy meeting and announced goals such as diversifying asset classes and strategies for this year.

According to NongHyup Financial on the 30th, the day before, Kim Hyungshin, Head of NH NongHyup Financial Business Strategy Division, held the 1st NongHyup Financial Asset Management Strategy Meeting at the headquarters located in Jung-gu with department heads of asset management from affiliated companies.

At the meeting, they analyzed the asset management performance of NongHyup Financial and discussed the asset management strategic direction for 2020.

NongHyup Financial set the following operational goals for this year: ▲portfolio improvement in preparation for institutional changes such as the introduction of the new accounting system in 2020 ▲continuous promotion of diversification of asset classes and strategies ▲defense of operating yield through securing holding bases.

Accordingly, they presented strategic directions to secure profits under the low interest rate environment, including ▲expanding overseas stock investment ratio through diversification of investment regions and IT sector-focused strategies ▲income pursuit centered on dividend stocks ▲duration extension through long-term government and public bonds.

Each affiliate announced their 2020 operational strategies and plans and exchanged opinions regarding future market changes and response strategies. In particular, NH Hedge Asset Management, launched in December last year, introduced the operation strategy of the NH Absolute Return Fund, raising expectations for portfolio improvement such as diversification of managed assets.

Vice President Kim said, "Achieving the target asset management yield is important, but thorough proactive risk management must not be overlooked," and added, "Even if the global economic situation shows signs of recovery, please be cautious in management considering the various risks accumulated in the financial market so far."

Meanwhile, after the asset management strategy meeting, commendations were awarded to six outstanding employees who contributed to strengthening NongHyup Financial's asset management capabilities last year.

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