Investing in Amazon and Netflix... Launch of 'KB Global Giant Platform Fund'

Available for subscription through Hana Financial Investment starting from the 27th

[Asia Economy Reporter Kum Boryeong] KB Asset Management has launched a fund that invests in leading global platform companies.

On the 27th, KB Asset Management announced the launch of the 'KB Global Giant Platform Fund.'

Representative platform companies include Amazon, Alibaba, YouTube, and Netflix. Platform companies have a business model that provides a digital space connecting multiple producers and consumers based on IT technology.

The 'KB Global Giant Platform Fund' also invests in companies with high potential to become emerging giants based on new ideas and IT technology. It features an equal-weight investment strategy to reduce concentration risk in individual stocks and to invest broadly across the platform business sector.

Park Inho, Executive Director of the Retail Division at KB Asset Management, said, "Due to recent market environment changes caused by the novel coronavirus disease (COVID-19) and the resulting growth of the untact (contactless) market, related platform companies are experiencing explosive growth. Platforms are business models that can benefit from changing market environments, and continuous growth is expected in the future."

This fund can be subscribed through Hana Financial Investment. It is divided into a hedged type that conducts currency hedging and an unhedged type that is exposed to currency risk. Investors can choose among A type (1.0% front-end load, annual fee 1.630%), A-E type (0.5% front-end load, annual fee 1.280%, online exclusive), C type (no front-end load, annual fee 2.230%), and C-E type (no front-end load, annual fee 1.430%, online exclusive). There is no redemption fee.

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