[2021 Asia Fund Awards] Kyobo AXA Selected as Best Domestic Bond Fund Manager

[Asia Economy Reporter Ji Yeon-jin] Kyobo AXA Asset Management was selected as the Best Domestic Bond Fund Manager in the 2021 Asia Economy Fund Awards.

Kyobo AXA Asset Management manages bond assets totaling approximately KRW 42.3 trillion, including discretionary assets (based on net assets as of the end of December 2020). The representative public bond fund is the "Kyobo AXA Tomorrow Long-term Quality Securities Investment Trust K-1 (Bond) Fund," which has been managed since 2006 and is a large-scale fund with assets under management of about KRW 920.2 billion. Through multiple awards, it has proven its stable and professional bond management capabilities.

Kyobo AXA Asset Management's major shareholders are Kyobo Life Insurance, a domestic insurance company, and AXA Asset Management, a subsidiary of the French insurance financial group AXA. As an asset management company affiliated with an insurance company, it is evaluated to have strengths in stable asset management. Established in 1988, it has accumulated experience and know-how, especially with extensive investment experience in long-term bond management, maintaining a strategy focused on long-term high-quality bonds.

Based on thorough research and analysis, the company incorporates undervalued assets and sells overvalued assets when market prices deviate from intrinsic value, which is another advantage. The long-term perspective and stability, common traits of bond funds and the Kyobo brand, are clearly reflected in its strategy. The Bond Management 1 and 2 teams and the Bond Strategy team, led by Executive Director Kwon Yong-beom, handle credit work and stock selection, while the chief economist conducts fundamental analysis of the funds. Through interdepartmental collaboration for market forecasting, they achieve outstanding results. Among the asset management companies applying for the 2021 Asia Economy Fund Awards, Kyobo AXA Asset Management delivered the best performance.

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