ABL Life Launches Variable Insurance 'Gold Fund' Investing in Gold-Related Assets

[Image source=Yonhap News]

[Asia Economy Reporter Oh Hyung-gil] ABL Life announced on the 30th that it will launch a Gold Fund, which diversifies investments across various assets related to gold, one of the major safe-haven assets, on the 1st of next month, and will include it in its variable insurance funds.

ABL Life developed the Gold Fund independently to strengthen its lineup of safe-asset type variable insurance funds and to reflect customer demand for managing assets more securely.

The fund structure invests up to 40% in ETFs holding physical gold, and diversifies a certain proportion into ETFs of stocks of companies mining precious metals such as gold, silver, and copper, as well as global bonds. Eastspring Asset Management will be entrusted with fund management and will jointly oversee it.

ABL Life provides a monthly variable insurance fund recommended portfolio report on its website to help customers reference when composing their variable insurance fund portfolios.

An ABL Life official said, "The Gold Fund invests diversely in commodities and gold-related stocks and bond assets themed around gold, exhibiting low correlation with other assets, and will establish itself as a fund that can be stably diversified alongside other portfolios in the long term. With the strengthened lineup of safe assets, it will be even more possible to compose a stable portfolio for customers."

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