Kiwoom Asset Management's 'The Dream Short-Term Bond Fund' Surpasses 500 Billion KRW in Net Assets

[Asia Economy Reporter Minji Lee] Kiwoom Asset Management announced on the 30th that the Kiwoom The Dream Short-Term Bond Fund has surpassed 500 billion KRW in net assets.

Since the beginning of the year, more than 250 billion KRW has been additionally invested in this fund, which appears to be a phenomenon contrasting with the outflow of funds from well-known bond funds in the market due to recent interest rate hike issues.

This is analyzed to be due to achieving steady returns with low volatility. Although demand for safe assets is increasing amid market volatility caused by debates over the economic peak after COVID-19, the company explains that investors' 'picking and choosing' has been reflected as the profitability of bond-type assets has declined due to interest rate hike issues.

The Kiwoom The Dream Short-Term Bond Fund manages the fund's duration around 0.5 years to reduce risks from interest rate fluctuations, while pursuing profitability by investing in relatively higher-yield corporate bonds, short-term bonds, and CP (commercial paper). It aims for a target return level of market interest rate +α, and unlike deposit or savings products, it has no mandatory lock-up period and zero redemption fees, making it suitable for placing surplus funds for a short period.

Currently, this fund is available for subscription at Hana Bank, Woori Bank, Kiwoom Securities, NongHyup Bank, Daegu Bank, NH Investment & Securities, Shinhan Financial Investment, and Korea Investment & Securities. Kiwoom Asset Management plans to continuously expand sales channels for investors' convenience.

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