Heungkuk Life Maintains No.1 Yield in Variable Insurance Global Bond Type

Adjusting Underlying Assets Appropriately According to Market Situation Changes Proves Effective

[Asia Economy Reporter Ki Ha-young] The variable insurance overseas investment 'Global Bond Type' fund of Heungkuk Life Insurance recorded the highest return among all life insurance companies over the past year.

According to the Life Insurance Association on the 15th, among overseas bond-type funds with net asset size of 10 billion KRW or more set by domestic insurance companies, Heungkuk Life Insurance's Global Bond Type fund posted the highest return of 10.53% (based on June 2019 to June 2020). The return since the beginning of the year (January to June 2020) also achieved a high level of 7.56%.

Heungkuk Life Insurance's 'Global Bond Type' is entrusted to Eastspring Asset Management Korea for operation. It is a fund that mainly invests in government bonds and investment-grade bonds issued in developed countries, aiming for stable long-term performance. This fund can be set up within Heungkuk Life Insurance's 'Very Good Variable Insurance' product.

A representative of Heungkuk Life Insurance explained, "The significant rise in investment-grade corporate bond exchange-traded funds (ETFs) among the underlying assets, supported by the U.S. Federal Reserve's active corporate bond support policy, played a key role," and added, "Appropriately adjusting the proportion of underlying assets according to market changes also contributed effectively to the fund's returns."

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