Hyundai Asset Management Launches 'AIM Signature Global EMP Fund' with Currency Hedging Option
[Asia Economy Reporter Minji Lee] Hyundai Asset Management announced on the 11th that it has launched a currency-hedged version of its global EMP fund, the ‘Hyundai AIM Signature Global EMP Fund,’ just over five months after its initial launch.
The EMP (ETF Managed Portfolio) fund primarily invests in ETFs and is characterized by its ‘ultra-diversification’ across various risk assets, which can reduce market volatility through portfolio effects. In the case of global EMP funds, since they include overseas ETFs, it is important to consider the risks associated with exchange rate fluctuations.
The currency-exposed type aims to capture both investment asset returns and currency gains, but it can also incur losses due to exchange rate fluctuations. The company explained, “We launched the fund to expand investors’ choices considering exchange rate volatility and to reduce volatility as a pension product.”
The Hyundai AIM Signature Global EMP Fund was launched in partnership with AIM, a global ETF specialized investment advisory firm. It mainly invests in global ETFs listed in the U.S. market and includes various alternative asset ETFs such as REITs, Business Development Companies (BDC), Master Limited Partnerships (MLP), and Closed-End Funds (CEF) to pursue low volatility.
The fund is managed by building a low-volatility portfolio through diversified investment reflecting market conditions based on global macroeconomic analysis, and by establishing investment strategies that investors can easily understand and evaluate.
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Lee Sung-min, Head of Quantitative Management at Hyundai Asset Management, stated, “We will actively reflect strategies responding to market changes in fund management through continuous market monitoring,” adding, “We are also managing the portfolio by including ETFs related to future growth industries, green energy industries, and ESG ETFs.”
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