Hantoo Asset Management Restructures Investment Strategy for Samsung Group Stock and Bond Mixed Fund
Investing 30% in Samsung Group's Top 3 Stocks and 70% in Bonds
[Asia Economy Reporter Hwang Yoon-joo] Korea Investment Trust Management announced on the 2nd that it has reorganized the management strategy of the Samsung Group stock and bond mixed fund to enable concentrated investment in the core stocks of the Samsung Group.
On September 29, Korea Investment Trust Management changed the name of the ‘Korea Investment Samsung Group Fund (Bond Mixed)’ to the ‘Korea Investment Samsung TOP3 Fund (Bond Mixed).’ This fund invests up to 30% in the three core stocks of the Samsung Group and up to 70% in safe assets such as government bonds, monetary stabilization bonds, and corporate bonds with a credit rating of A- or higher.
Most affiliates of the Samsung Group are global top-tier companies. Before the reorganization of the management strategy, all 16 Samsung Group stocks were included in the fund, but going forward, the top three stocks by market capitalization will be selected for concentrated investment. The fund aims to maximize the strengths of the bond mixed fund by generating stable returns with 70% in high-quality bonds and achieving excess returns compared to overall Samsung Group stock investment by investing 30% in the core stocks within the Samsung Group.
As of the end of September 2022, the core Samsung Group stocks included in the fund are Samsung Electronics, Samsung Biologics, and Samsung SDI. Samsung Electronics is Korea’s representative company, ranking first in global memory semiconductor market share and second in foundry market share. Samsung Biologics is a global leader in contract development and manufacturing organization (CDMO), producing and developing advanced biopharmaceuticals for domestic and international pharmaceutical companies. Samsung SDI is a leader in the global energy storage system (ESS) market, holding over 30% market share in secondary batteries and electronic materials businesses. Korea Investment Trust Management reselects the core Samsung Group stocks and adjusts their weights every six months.
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The ‘Korea Investment Samsung TOP3 Bond Mixed Fund’ is available for subscription through Korea Investment & Securities, BNK Gyeongnam Bank, DB Financial Investment, KB Securities, NH Investment & Securities, SK Securities, Gwangju Bank, Kyobo Life Insurance, Kyobo Securities, Daishin Securities, Meritz Securities, Mirae Asset Securities, Samsung Securities, Suhyup Bank, Shinhan Bank, Shinhan Investment Corp., IBK Investment & Securities, Woori Bank, Yuanta Securities, Eugene Investment & Securities, Ebest Investment & Securities, Hana Bank, Hana Securities, Hi Investment & Securities, Hanwha Life Insurance, Hanwha Investment & Securities, and Hyundai Motor Securities.
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