Hanwha Asset Management's 'Gongmoju Plus Fund' Surpasses 100 Billion KRW in Assets Under Management
[Asia Economy Reporter Junho Hwang] Hanwha Asset Management announced on the 7th that the assets under management of the 'Hanwha Public Offering Plus Securities Investment Trust (Bond Mixed)' have surpassed 100 billion KRW. As of the 6th, the fund's assets under management stand at 103.3 billion KRW.
According to financial information provider FnGuide, this fund has outperformed its benchmark KOBI120 (a bond index composed of 120 bonds with maturities over one month) with returns of 3.24% year-to-date, 5.13% over one year, and 15.05% since inception (Class-A basis), compared to the benchmark's 0.41%, 0.68%, and 10.66%, respectively.
The Hanwha Public Offering Plus Fund was launched in 2015 targeting individual investors and retail corporations, proving stable operational returns, and began sales at SC First Bank from June.
This fund secures stability by investing more than 50% of its total assets in high-quality bonds. It also generates returns by focusing investments on large-scale domestic initial public offerings (IPOs) or undervalued stocks after listing.
Kim Hajong, Team Leader of Channel Consulting 2 at Hanwha Asset Management, stated, "Due to the recent public offering subscription frenzy, individual investors face very low allocation rates when applying for IPOs directly, but through public offering funds, they can receive higher allocation rates than direct applications." He added, "Since the fund primarily invests in bonds and public offerings, it is recommended for investors seeking alpha returns while maintaining low volatility."
Hot Picks Today
Cerebras Soars 70% on IPO Debut: Is Nvidia's Reign Ending as a New AI Semiconductor Power Emerges?
- [Breaking] Trump: "Achieved a Fantastic Trade Deal with China"
- Flight Cancellations End With "We Refunded You"... Consumers Left to Bear Hotel and Rental Car Losses
- "Mom, Isn't It Comfortable Living With Me?"... 'Unexpected Result' Shows Increased Drinking Out of Frustration
- "After Vowing to Become No. 1 Globally, Sudden Policy Brake Puts Companies’ Massive Investments at Risk"
The 'Hanwha Public Offering Plus Fund' is available for purchase at SC First Bank, NH Investment & Securities, and Eugene Investment & Securities. Investing through the fund direct sales app 'PINE,' which selects products based on global asset allocation and long-term investment, allows investment at the lowest fees.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
