Kiwoom Asset Management "Global 5G Fund Surpasses 200 Billion KRW in Net Assets"

[Asia Economy Reporter Minji Lee] Kiwoom Asset Management announced on the 17th that the net assets of the ‘Kiwoom Global 5G Next-Generation Network Fund’ have surpassed 200 billion KRW.

Launched in February 2018, the fund’s net assets were below 30 billion KRW at the beginning of this year, but due to additional capital inflows and strong fund performance, net assets increased by about 170 billion KRW, exceeding 200 billion KRW.

The Kiwoom Global 5G Next-Generation Network Fund focuses on companies related to telecommunications infrastructure necessary for building 5G, the Internet of Things (IoT) that facilitates connections between devices, and communication services for data exchange between devices. The fund invests in 5G-related companies across the US, Asia, and Europe, including South Korea, and enhances its global expertise by receiving research advice from the global asset manager Nuveen Berman for detailed stock selection.

Currently, the fund’s investments are allocated by country as follows: 66% in the US, 20% in Asia, and 5% in Europe. By sector, it holds 68% in Information Technology (IT), 9% in Communication Services, 6% in Consumer Discretionary, and 14% in others. Major holdings include network equipment companies such as Ericsson and Keysight Technologies, optical cable company II-VI, and RF wireless communication equipment companies Qorvo and Analog Devices.

The fund’s year-to-date performance is 33.06%, significantly outperforming the benchmark ‘MSCI WORLD 90% and Call 10%’ which recorded 11.54% over the same period. The fund’s returns by period are 6.29% for 1 month, 16.28% for 3 months, 26.95% for 6 months, 35.22% for 1 year, and 68.34% since inception.

Kiwoom Asset Management stated, “Following COVID-19, the untact market has surged, rapidly increasing the demand for digital infrastructure expansion,” adding, “The fund’s excellent returns have attracted investors’ attention.”

The fund is currently available for subscription through Mirae Asset Daewoo, Woori Bank, Kookmin Bank, Hana Bank, Samsung Securities, Korea Investment & Securities, Industrial Bank of Korea, Korea Post Securities, Hanwha Investment & Securities, and Kiwoom Securities.

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