NH-Amundi Asset Management Launches 'Bond Mixed Type Pilseung Korea30' Fund

On the 10th, NH-Amundi Asset Management announced the launch of the 'NH-Amundi Pilseung Korea30 Fund.' The sixth person from the left is Baek Young-hoon, CEO of NH-Amundi Asset Management.
[Photo by NH-Amundi Asset Management]

[Asia Economy Reporter Minji Lee] NH-Amundi Asset Management announced on the 10th the launch of the ‘NH-Amundi Pilseung Korea 30 Fund’.

The NH-Amundi Pilseung Korea 30 Fund is a bond-mixed fund that adds a high-quality bond investment strategy to the investment strategy of the country’s first 소재·부품·장비 (SoBuJang) fund, the NH-Amundi Pilseung Korea Equity Fund. By adding stability to the Pilseung Korea Equity Fund, the risk rating has also been lowered to level 4.

This fund invests up to 30% of its assets in stocks, while the remainder is invested in government bonds, local bonds, special bonds, and high-credit-quality bonds. It simultaneously invests in domestic stocks related to 소재·부품·장비 (SoBuJang) with global competitiveness, technological innovation, and sustainable business models, as well as high-quality bonds, aiming to pursue stable interest income.

Moon Young-sik, Executive Vice President and Chief Marketing Officer (CMO), said, “By combining the stable interest income from high-quality bonds with the performance of 소재·부품·장비 (SoBuJang) stock management, investors can expect returns higher than deposit interest rates. We will continue to expand channels that can sell bond-mixed funds with low risk ratings, such as regional agricultural cooperatives, to provide stable investment options to investors who prefer safety.”

The NH-Amundi Pilseung Korea Equity Fund is the industry’s first 소재·부품·장비 (SoBuJang) fund. Since its initial setup on August 14 last year, it has recorded assets under management exceeding 100 billion KRW and a return rate surpassing 20%.

CEO Bae Young-hoon said, “Since the Pilseung Korea Equity Fund invests only in stocks, conservative investors with a stable investment preference were sometimes hesitant to invest. With the launch of the Pilseung Korea 30 Fund, we aim to establish it as a national fund that gives hope to companies and dreams and courage to customers.”

Like the Pilseung Korea Equity Fund, the Pilseung Korea 30 Fund has set its management fee at 0.25%, lower than the industry average. Twenty percent of the management fees will be allocated to a fund supporting scholarships at universities specializing in 소재·부품·장비 (SoBuJang) technology fields and agricultural public interest activities.

This fund can be subscribed to through NH Nonghyup Bank, NH Investment & Securities, Hyundai Motor Securities nationwide branches, or their websites.

This content was produced with the assistance of AI translation services.