KB Asset Management Launches Blockchain Fund... The Only One in Korea

[Asia Economy Reporter Hwang Junho] A fund investing in blockchain, a digital encryption technology that cannot be duplicated, is being launched.

KB Asset Management launched the "Global Digital Chain Economy Fund" on the 6th, which invests in global companies related to 'blockchain,' one of the core technologies of the 4th Industrial Revolution. This blockchain fund is the only one of its kind in Korea.

Blockchain is called a "digital public transaction ledger" and refers to a distributed data storage technology that prevents information tampering and hacking through data decentralization. Currently, it is widely used in payment systems, and its applications are expanding to Internet of Things cloud services, IT, public services, healthcare, finance, and manufacturing. Market research firm IDC predicted that investment in blockchain technology will grow at an average annual rate of 46.4% until 2024.

The KB Global Digital Chain Economy Fund invests mainly in three areas. It invests in hardware companies (CPU, graphics cards) essential for blockchain implementation, such as Nvidia, AMD, Intel, and Samsung Electronics. It also allocates funds to software companies providing blockchain-based services, including IBM, Amazon, Microsoft, Fujitsu, and Baidu. Additionally, it invests in fintech companies such as PayPal, Visa, Square, NTT Data, financial companies like Nasdaq and JPMorgan, and platforms such as Tencent and Google.

Lee Hyun-seung, CEO of KB Asset Management, said, "Blockchain is a core technology leading the 4th Industrial Revolution along with 5G and artificial intelligence," adding, "With the launch of the blockchain-related fund, individual investors will be able to easily invest in blockchain-related companies."

This fund can be subscribed through KB Securities, SK Securities, and Korea Post Securities. Investors can choose from A type (1% front-end load, 1.625% annual fee), A-E type (0.5% front-end load, 1.275% annual fee, online exclusive), C type (no front-end load, 2.225% annual fee), and C-E type (no front-end load, 1.425% annual fee, online exclusive).

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