Samsung Group Stock Fund Returns Half of Hyundai Motor's

[Asia Economy Reporter Junho Hwang] Among the active group stock funds containing shares of South Korea's leading conglomerates?Samsung Group, Hyundai Motor Group, and LG Group?the Hyundai Motor Group fund recently recorded the highest returns. It earned more than twice the returns of the Samsung Group fund, which is the mainstream in the fund market. There are forecasts that the returns of this fund will increase further due to the expansion of the electric vehicle market and economic recovery.

According to fund rating agency FnGuide on the 17th, the return of Mirae Asset TIGER Hyundai Motor Group+ Securities Listed Index Investment Trust from the beginning of this year until the day before was 23.63%. The fund's assets under management amount to 147.541 billion KRW, primarily investing in Hyundai Motor (22.18%), Kia Motors (22.01%), and Hyundai Steel (13.24%). The return over the past year reached 132.48%.

The increased interest in electric vehicles has led to high returns. The LG Group stock fund, which includes LG Chem (18.84%), a producer of electric vehicle batteries, also achieved returns of 22.02% over three months and 102.54% over the past year.

An asset management industry official explained, "The launch of the Ioniq 5, rumors of the Apple Car launch, and the expansion of electric vehicle battery cooperation have led to the rise in related stock prices," adding, "Interest in electric vehicles is growing, and with the supply of COVID-19 vaccines, global market demand recovery is expected, making the outlook for the second half of the year positive."

However, apart from these funds managed by Mirae Asset Management, there are no other Hyundai Motor Group or LG Group funds. This leaves few options for those reluctant to invest directly. An industry insider explained, "If the market capitalization of the stocks is small and the number of shares is low, the stock price tends to fluctuate significantly when the manager buys or sells shares," adding, "This is why there are many Samsung Group stock funds among group stock funds."

The Samsung Group stock fund from the same management company (Samsung Group Securities Listed Index Investment Trust) has a return of about 9.68% this year and 58.60% over the past year. This is less than half the returns of the Hyundai Motor Group or LG Group funds. This fund includes Samsung Electronics (25.84%), Samsung SDI (23.39%), and Samsung Biologics (9.91%).

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