Hanwha Asset Management Launches Five Types of Youth Income Deduction Long-Term Funds 'Hanwha MZ Pick'
40% Income Deduction Benefit on Payment Amount... For Youth with Total Salary Under 50 Million Won
[Asia Economy Reporter Hwang Yoon-joo] Hanwha Asset Management announced on the 14th that it will launch a total of five funds, including the 'Hanwha MZ Pick 4th Industrial Revolution Youth Income Deduction Securities Convertible Self-Investment Trust (Stocks)'.
The Youth Income Deduction Long-term Fund (Youth Long-term Fund) allows an annual payment of up to 6 million KRW during the fund contract period, and income deduction of up to 2.4 million KRW, which is 40% of the payment amount. The subscription period is more than 3 years and less than 5 years.
The eligible subscribers are youths aged 19 to 34 with a total salary of 50 million KRW or less or a comprehensive income amount of 38 million KRW or less. While the Youth Hope Savings account requires a total annual salary of 36 million KRW or less, the Youth Long-term Fund has a subscription threshold of 50 million KRW or less, allowing more youths to benefit.
Hanwha Asset Management has launched the funds divided into aggressive investment type and stability-seeking type, considering the diverse investment tendencies and interests of the MZ generation, and composed five funds mixing domestic stock types and various themed and regional overseas funds (global climate change, US, Asia dividend stocks, K-REITs, etc.).
'Hanwha MZ Pick 4th Industrial Revolution' is a fund that invests in stocks of major innovative companies and promising industries leading Korea's 4th Industrial Revolution. 'Hanwha MZ Pick Green Tech' mainly invests in stocks of Korean innovative companies and also invests in global renewable energy companies, electric vehicles, solar power, hydrogen, and other companies. These funds are suitable for youths with an aggressive investment tendency.
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The remaining three funds are stability-seeking funds. 'Hanwha MZ Pick Korea & US' invests mainly in major representative companies of Korea and the US, 'Hanwha MZ Pick Korea & Asia' invests in Korean representative companies and high-dividend stocks in Asia, and 'Hanwha MZ Pick Korea & K-REITs' invests in Korean representative companies, domestic REITs, global REITs, and listed infrastructure.
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