KB Korea New Deal Fund Surpasses 200 Billion Won in 4 Months

[Asia Economy Reporter Junho Hwang] KB Asset Management's flagship New Deal fund, the KB Korea New Deal Fund, surpassed 200 billion KRW in net assets on the 17th. The fund doubled its assets under management within a month after exceeding 100 billion KRW in net assets in January this year.

Outstanding returns have attracted significant capital inflows. The fund's return this year is 11.2%, outperforming the average active fund return by more than 5 percentage points. This is the result of diversified investments in digital New Deal companies such as data, networks, AI, 5G, and educational infrastructure, as well as green New Deal companies including renewable energy, eco-friendly automobiles, and secondary battery companies.

According to the latest management report, the top 10 holdings by investment weight are Samsung Electronics (10.85%), LG Chem (8.38%), Kakao (7.86%), Cheonbo (5.02%), CS Wind (4.08%), Hanwha Solutions, SK Hynix, CS Bearing, Hyundai Energy Solutions, and EcoPro BM.

The fund maintains a portfolio allocation of approximately 70% in KOSPI stocks and 30% in KOSDAQ stocks, investing evenly across large-cap and small- to mid-cap stocks to actively respond to market changes.

Shim Hyoseop, Executive Director of Equity Management at KB Asset Management, stated, "Since COVID-19, global investment in digital infrastructure has expanded and the eco-friendly industry is experiencing rapid growth. Through industry analysis and ESG factor analysis, we aim to identify high-growth companies benefiting from the new normal trends and policy effects, targeting stable returns over the mid to long term."

Meanwhile, KB Asset Management operates the KBSTAR FnK-New Deal Digital Plus ETF, which utilizes indices related to New Deal policies.

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