Kiwoom Asset Management Selected as Best Korean Bond Manager at 2020 Morningstar Awards
[Asia Economy Reporter Minji Lee] Kiwoom Asset Management announced on the 24th that it was selected as the Best Korean Bond Company at the 2020 Morningstar Awards, presented by the global independent investment research firm Morningstar. As of the end of last year, Kiwoom Asset Management's bond management scale reached 17.1 trillion KRW.
The Morningstar Fund Awards are selected based on quantitative methods with additional qualitative judgment. In particular, the selection for the asset management company category uses the Morningstar risk-adjusted returns over five years. The Morningstar risk used here penalizes downside volatility more than upside volatility.
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Kim Seong-hoon, CEO of Kiwoom Asset Management, stated, “Kiwoom, a veteran asset management company with over 30 years of experience, has grown based on its strengths in bond management capabilities.” He added, “We will continue to do our best to provide various bond investment products to domestic investors to help increase customer assets.”
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