Kiwoom Securities, ISA Basic Investment Type (Ultra High Risk) Achieves 12 Consecutive Months of Leading Cumulative Returns

[Asia Economy Reporter Oh Ju-yeon] Kiwoom Securities is showing remarkable performance in discretionary Individual Savings Account (ISA) management.

On the 31st, Kiwoom Securities referred to the ISA performance disclosure as of the end of June announced by the Korea Financial Investment Association, stating, "Since the launch of Kiwoom Securities' 'Basic Investment Type (Ultra-high Risk),' the cumulative return rate reached 57.58%, ranking first among all 206 model portfolios (MP) managed by banks and securities firms." This is explained as an operational performance 45.87% higher than the industry average cumulative return rate (11.71%).

This performance has been consistently sustained. The Basic Investment Type (Ultra-high Risk) cumulative return rate has ranked first for 12 consecutive months across all types as of the end of June, and has held first place for 16 consecutive months in the ultra-high risk category. The fact that steady performance was continuously recorded in the highly volatile market during the first half of 2020 due to the novel coronavirus (COVID-19) pandemic is evaluated as demonstrating the strength of Kiwoom Securities' global product management in crisis situations.

A Kiwoom Securities official stated, "Based on the robo-advisor algorithm developed in-house by Kiwoom Securities, domestic and international experts determine the investment proportions of model portfolios through a systematic portfolio selection process," adding, "The 'Global Asset Allocation Fund Wrap' and 'Global Asset Allocation ETF Wrap' currently managed through this decision-making process are also achieving excellent results."

Furthermore, the official added, "With the 2020 tax law amendment, the eligibility for ISA subscription will be expanded to residents aged 19 and over, and listed stocks will be included in the managed assets, among other positive changes," and "In line with the government's efforts to revitalize ISA, we will manage responsibly to provide satisfactory performance to our customers."

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