Daesin Asset Management to Sell High-Yield IPO Fund for 5 Days

[Asia Economy Reporter Junho Hwang] Daishin Asset Management is launching a high-yield IPO fund and will sell it for five days starting from the 21st.

The Daishin High-Yield IPO Fund invests more than 45% of its total assets in high-yield bonds rated BBB+ or below. Most of the bonds included have maturities aligned with the fund's maturity to reduce market interest rate volatility risk. The bonds are selected considering the economic cycle, economic outlook, and corporate asset soundness. Additionally, the fund invests in government and high-quality bonds rated A- or above, as well as IPO stocks about to be listed.

The fund matures on September 25, 2023. The distributors are Daishin Securities, Yuanta Securities, Eugene Investment & Securities, Kiwoom Securities, and SK Securities. The total fee ranges from 0.555% to 1.555% per annum. Early redemption before maturity is possible, with a redemption fee of 5% of the redemption amount.

Kim Young-geun, Head of Marketing at Daishin Asset Management, stated, "This fund is a product that enhances expected returns through high-yield bonds and a 5% preferential allocation benefit for IPO stocks," adding, "The Daishin High-Yield IPO Fund can be an appropriate investment option in a highly volatile stock market."

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