Samsung Asset Management 'Visible ELF No.7' R2 Direct Sale... Seeking 4% Annual Return

[Asia Economy Reporter Kum Boryeong] Samsung Asset Management will sell dollar-denominated short-term bond funds and equity-linked funds (ELF) via mobile.

Samsung Asset Management announced on the 10th that it will sell and recruit for the 'Samsung Dollar-Denominated Short-Term Bond Fund' and 'Samsung Visible ELF No. 7' on R2. R2 is Samsung Asset Management's mobile direct sales platform.

The 'Samsung Dollar-Denominated Short-Term Bond Fund' is a stability-seeking investment product that invests in US dollars. With the addition of this fund to the R2 sales product lineup, investors can invest not only in domestic bond funds but also in overseas bond funds. The total fee is approximately 0.195% per year based on the direct sales class.

The 'Samsung Visible ELF No. 7' will be recruited from today until the 14th. It is based on the S&P 500, KOSPI 200, and EUROSTOXX 50 indices and aims for an annual return of 4.00%. On early redemption evaluation dates every six months, if the prices of all three underlying assets are at least 90% (6 months), 85% (12 months), 80% (18 months), 75% (24 months), 70% (30 months), and 65% (36 months) of the initial reference price, it will be redeemed with a 4.00% annual return.

If early redemption does not occur and on the maturity reference price determination date (36 months), the price of any one of the three underlying assets is below 65% of the initial reference price, a loss will occur approximately equal to the maturity yield of the most depreciated underlying asset. The upfront sales commission for this product is about 0.30% of the payment amount when subscribing via R2. The total fee is 0.12% per year for the first six months and 0.002% per year thereafter.

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