ABL Life Launches 3 New Variable Insurance Funds

New Fund Launches Including US Stock Index, Global Good Corporate ESG, and Top Picks

[Asia Economy Reporter Ki Ha-young] ABL Life announced on the 4th that it will launch three new funds?U.S. Stock Index (Currency Open Type), Global Good Company ESG, and Top Picks?to be included in its variable insurance products in order to pursue stable variable insurance returns.

The three newly launched funds were developed to reflect recent trends by expanding investment proportions in developed countries such as the U.S. and investing in industries expected to see long-term corporate value growth, such as renewable energy and batteries, aiming to secure stable returns.

The U.S. Stock Index (Currency Open Type) fund invests in exchange-traded funds (ETFs) that track the S&P 500 and Nasdaq 100, which are representative U.S. stock indices. It is expected to trend upward in the long term, supported by the recent growth of the U.S. stock market and global U.S. IT companies.

The Global Good Company ESG fund invests in ETFs that track industries promising in environmental, social, and governance (ESG) factors that affect corporate value and sustainability from a long-term perspective. This includes sectors currently receiving significant attention such as renewable energy, electric vehicles, education, healthcare, and shareholder-friendly companies.

The Top Picks fund is managed with a strategy similar to the aggressive portfolio among the variable insurance fund recommendation portfolios that ABL Life provides to customers monthly. It was developed to eliminate the hassle for customers of having to change funds and allocation ratios monthly according to the portfolio. As of the end of December last year, the return on ABL Life’s aggressive variable insurance fund recommendation portfolio recorded 13.01%.

Choi Mi-young, head of ABL Life’s Variable Account Management Team, said, "With the launch of new funds, we expect to provide customers with more diverse choices in investment targets and management strategies, and to help build stable portfolios in a market environment with high volatility due to COVID-19 and other factors."

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