Hanwha Investment & Securities Launches Wrap Account Focused on Growth Value Stocks
Minimum Subscription Amount 30 Million Won... Contract Period Over 1 Year but Early Termination Allowed
[Asia Economy Reporter Kum Boryeong] Hanwha Investment & Securities has launched a wrap account product that focuses on growth value stocks.
Hanwha Investment & Securities announced on the 5th that it has launched the 'Hanwha The Public Growth Value Wrap.'
This product is an advisory-type wrap account that invests in domestic stocks based on investment advice from 'The Public Investment Advisory.' It focuses on investing in about 10 stocks that possess core competitiveness in growth value stocks.
The minimum subscription amount is 30 million KRW. It is a performance fee-based wrap account product evaluated based on operational performance in addition to the basic fee. The contract period is at least one year, but early termination is possible.
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Kim Suncheol, Executive Director of Product Strategy at Hanwha Investment & Securities, explained, "Hanwha The Public Growth Value Wrap seeks profits by focusing investments on companies with sustainable competitive advantages and those that grow by quickly adapting to changes," adding, "It is a suitable product for customers who want to invest long-term in growth value stocks."
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