KB Asset Management Launches KB KOSDAQ Venture Company IPO Fund No. 3

[Asia Economy Reporter Hwang Junho] KB Asset Management has launched the 'KB KOSDAQ Venture Company IPO Fund No. 3.'

This fund invests in KOSDAQ venture companies expected to benefit from government policies and high growth, and participates in IPO investments by utilizing the preferential allocation benefits of KOSDAQ IPOs. In addition to KOSDAQ-related stocks, it includes KOSDAQ150 index futures, inverse ETFs, and bond ETFs to respond to market changes.

Haejin Ha, Executive Director of the Pension WM Division at KB Asset Management, said, "The average stock return of IPOs recently has reached an all-time high," adding, "With major IPOs such as Kakao Pay, Kakao Bank, and Krafton scheduled this year, high interest in IPOs is expected to continue."

Meanwhile, this KOSDAQ venture fund offers an income tax deduction of up to 3 million KRW, or 10% of the investment amount. However, to receive the income tax deduction benefit, investors must maintain the fund for three years.

The fund is available for subscription through KB Securities, DB Financial Investment, Meritz Securities, Yuanta Securities, Korea Investment & Securities, and Hanwha Investment & Securities. Investors can choose among A type (1.0% front-end load, annual fee 1.285%), A-E type (0.5% front-end load, annual fee 0.985%, online front-end load), C type (no front-end load, annual fee 1.685%), and C-E type (annual fee 1.185%, online exclusive).

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