KB US Representative Growth Stock Fund Surpasses 200 Billion KRW

[Asia Economy Reporter Junho Hwang] The net assets of U.S. growth stock funds are rising sharply.

KB Asset Management announced on the 1st that its KB U.S. Representative Growth Stock Fund surpassed 200 billion KRW in net assets just one year after its launch. It attracted an additional 100 billion KRW in net assets within five months after reaching 100 billion KRW in December last year. It is the third largest among U.S. equity funds set up domestically according to the global fund rating agency Morningstar. Among U.S. equity funds launched last year, it ranks second.

The KB U.S. Representative Growth Stock Fund invests about 90% in large-cap blue-chip stocks with high earnings growth potential or excellent shareholder returns. Since its inception, the fund has flexibly responded to the U.S. stock market by adjusting its portfolio in response to various financial market changes such as COVID-19, the U.S. presidential election, and interest rate hikes. Recently, it has invested 35.2% in IT, 20.2% in communication services, and 7.7% in consumer discretionary sectors. By stock, Alphabet (Google's parent company) accounts for 6.0%, Apple 6.0%, ASML 5.9%, and IBM 5.5%. The rapid economic recovery in the U.S. stock market due to COVID-19 vaccine distribution and growing interest from domestic investors in the U.S. stock market have led to a significant increase in net assets.

The fund's cumulative return since inception is about 37.5%. Youngseong Kim, Executive Director of Global Operations at KB Asset Management, said, "The KB U.S. Representative Growth Stock Fund, launched in May last year, has surpassed 200 billion KRW in net assets, quickly establishing itself as a leading domestic U.S. fund. We will actively respond to changes in the U.S. market and strive to deliver excellent long-term performance to firmly establish this fund as a representative U.S. equity fund in Korea."

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