Kiwoom Global Alternative Fund Surpasses 500 Billion KRW in Net Assets

[Asia Economy Reporter Minji Lee] Kiwoom Asset Management announced on the 27th that the 'Kiwoom Global Alternative Fund' has surpassed 500 billion KRW in net assets.

The Kiwoom Global Alternative Fund is a product that seeks relatively high expected returns while reducing volatility through diversified investments in leading overseas funds.

This fund mainly includes funds based on the European Union public fund standard (UCITs - Undertakings for Collective Investments in Transferable Securities) that employ various hedge strategies. Currently, it holds 8 funds and 4 ETFs, including H2O Asset Management's Allegro and Multibonds funds, and Man AHL Asset Management's Target Risk and Trend Alternative funds.

In the case of overseas funds, language barriers, limited eligibility, complex management strategies, and barriers to information exchange often make it difficult for general investors to access them, so the know-how of domestic asset managers in selecting excellent funds is important. This fund allows retail investors to easily invest in leading overseas funds that were previously difficult to access.

Despite significant volatility in the financial markets, it recorded a return of 18.05% in 2019. From the beginning of the year until the 25th, it posted a performance of 2.55%.

A representative from Kiwoom Asset Management said, “It seems that Kiwoom Asset Management’s status as a major asset manager with extensive experience in overseas and alternative investments has had an impact,” adding, “The hedge strategy funds from Europe and developed countries included in the portfolio have undergone long management periods and have been tested through multiple financial crises, making them recommended in situations of increased volatility.”

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