IBK Securities Launches Target Conversion Fund Investing in Renewable Energy

[Asia Economy Reporter Minji Lee] IBK Investment & Securities announced on the 7th that it will sell the "Alpha Global Renewable Energy Target Selection Convertible Securities Investment Trust No.1" from the 10th to the 17th.

This fund focuses on stocks in the renewable energy sector aimed at practicing ESG and carbon neutrality, which are global megatrends. It is a target-convertible public fund that can be converted into a bond type upon achieving a preset target return (pre-tax annual 7% based on Class A) to prepare for uncertain market conditions, and anyone can subscribe without a minimum subscription amount.

The fund is managed by the Multi-Asset Headquarters of Alpha Asset Management, which has over 14 years of experience in managing global renewable energy sectors. Upon subscription, a front-end fee of 1.0% of the payment amount based on Class A is charged, and the management fee is 1.535% per year. It is a single-type fund that does not allow additional subscriptions during the management period, and there is no redemption fee upon redemption.

Hyunjin Gil, Head of Customer Asset Management, said, "The renewable energy sector is expected to have high growth potential due to the ESG management trend, making it a good time to invest," adding, "We will continuously supply various products tailored to market conditions and customer needs to enhance customer satisfaction."

Subscriptions to the fund are available by visiting branches from the 10th to the 17th, and online subscriptions via HTS and MTS will also be available on the fund establishment date, the 17th.

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