Plus Asset Management "Tenbagger Small and Mid-Cap Stock No.1 Achieves 36% Cumulative Return This Year"
Plus Asset Management's flagship public fund, the Tenbager Small and Mid-Cap Fund, achieved a return of 35.98% this year.
On the 6th, Plus Asset Management stated, "Despite the waning popularity of public funds, the Tenbager Small and Mid-Cap No.1 Fund boasts outstanding returns." According to the fund rating agency KG Zeroin, this represents a return difference of over 10% compared to similar funds.
This fund primarily invests in domestic small and mid-cap companies with high growth potential. The goal is to achieve high returns by focusing intensively on small and mid-cap stocks. It seeks profits from the rise of the domestic stock market and flexibly invests up to 30% in large-cap domestic stocks depending on market conditions to generate performance.
Jeon Tae-yeon, manager at Plus Asset Management, said, "Diversifying investments into companies with low chances of success does not improve fund performance. We will focus on concentrating stocks as much as possible, keeping the investment proportion in any single stock below 10%, to enhance long-term growth."
Manager Jeon added, "In a situation of increased volatility, we must focus on finding opportunities. The top priority as a manager is to continuously include companies with long-term growth potential in the Tenbager Fund to ensure the fund trends upward over the long term."
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He stated, "When a manager becomes confident about the market's direction, paradoxically, the portfolio is more likely to become risky," and "if the manager's views differ, the fund must bear significant risks. Clients join the fund expecting returns from stocks regardless of the circumstances."
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