Heungkuk Life Launches Variable Insurance Fund Investing in Major U.S. Growth Stocks

Heungkuk Life Insurance announced on the 2nd that it will launch a U.S. stock fund investing in large-cap growth stocks in the United States and offer it through variable savings insurance.

[Asia Economy Reporter Oh Hyung-gil] Heungkuk Life Insurance announced on the 2nd that it will launch a U.S. stock-type fund investing in large U.S. growth stocks and offer it through variable savings insurance.

This fund selectively invests in large U.S. growth stocks with high profit growth rates or those expected to sustain profit growth for a long time, aiming to increase returns.

The investment sectors include healthcare, information technology (Microsoft), and communication services (Facebook, Alphabet). The fund identifies large-cap stocks with high return on assets (ROA) and expected profit growth rates, as well as companies capable of reinvesting in long-term growth.

The fund invests more than 60% of its net assets in U.S. corporate stocks and equity securities (including ETFs), and up to 40% in bonds and bond-related derivatives.

The underlying fund manager is Alliance Bernstein, which plans to discover consistent return models based on proven past investment success and a systematic investment process.

A Heungkuk Life Insurance official said, "By launching a competitive overseas fund, our overseas fund lineup has been strengthened," adding, "This new fund will further enhance the diverse portfolio options available to our customers."

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