[2020 Asia Fund Awards] Stability First... Long-Term High-Grade Bonds Worth 888.2 Billion Won

Best Asset Manager Domestic Bonds Kyobo AXA Asset Management

Jo Ok-rae, CEO of Kyobo AXA Asset Management

[Asia Economy Reporter Park Jihwan] Kyobo AXA Asset Management has been selected as the best asset manager in the domestic bond sector. The 'Kyobo AXA Tomorrow Long-term Quality Securities Investment Trust K-1 (Bond) Class A' fund, managed by Kyobo AXA since 2006, had assets under management of 888.2 billion KRW as of the end of December last year (NAV). It has achieved performance results of 3.80% over one year and 9.01% over three years through stable and professional bond management capabilities.

This fund is managed primarily with stable bonds such as government bonds, monetary stabilization bonds, and special bonds, while investing a portion of its assets in high credit-rated bank bonds and corporate bonds.

It is characterized by an investment strategy that refrains from duration betting based on short-term interest rate forecasts and instead pursues a stable long-term target duration within a certain range.

Kyobo AXA Asset Management's strength lies in its bond management teams 1 and 2 and the bond strategy team handling credit tasks and stock selection, while the chief economist conducts fundamental analysis and collaborates across departments to forecast the market.

Kwon Yongbeom, Head of Bond Management at Kyobo AXA Asset Management, stated, "Our company has extensive investment experience in long-term bond management," emphasizing, "We will continue to leverage this strength and maintain a management strategy focused on long-term quality bonds."

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