IBK Asset Management's 'IBK Kensho 4.0 Revolution Fund' Surpasses 200 Billion Won
Investment in 4th Industrial Revolution Innovative Companies through AI Technology of US Kensho
[Asia Economy Reporter Park Sun-mi] IBK Industrial Bank announced on the 16th that the assets under management of IBK Asset Management's ‘IBK Kensho 4.0 Revolution Fund’ have surpassed 200 billion KRW.
The ‘IBK Kensho 4.0 Revolution Fund’ is the first domestic fund to invest in innovative companies of the 4th Industrial Revolution using the artificial intelligence (AI) analysis technology of the US-based Kensho. Unlike traditional investment methods, this fund is characterized by investing through big data analysis powered by AI, a core technology of the 4th Industrial Revolution.
The fund's one-year performance is 78.65%, ranking among the top in its category. It has notably raised over 200 billion KRW in a market where the public fund sector has been in a slump recently.
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Park Je-hyun, Director of the Investment Solutions Team at IBK Asset Management, said, “The change brought by AI technology has already begun, as Kensho can process in just 5 minutes what used to take analysts 40 hours to analyze. Investing in companies related to the 4th Industrial Revolution is an insightful investment decision from a proactive perspective.”
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