Hantoo Asset Management Releases Shareholder Return Book Concert Content

Kim Ki-baek, Senior Manager of ESG Operations at Hanwha Investment & Securities, Appears
Managing ACE Shareholder Return Value Active ETF, etc.
"The Era of Shareholder Returns is Coming... Expecting Shareholder Capitalism"

Korea Investment Trust Management announced on the 6th that it will release a book concert content titled "Compete with Premium Blue-Chip Stocks in the Era of Shareholder Returns" on its YouTube channel on the 7th.

Kim Ki-baek, head of the ESG Management Department at Korea Investment Trust Management and author of "Compete with Premium Blue-Chip Stocks in the Era of Shareholder Returns," will appear. Since joining Korea Investment Trust Management in 2012, Kim has been a fund manager overseeing the Korea Investment Small-Mid Value Fund, Korea Investment Long-Term Value Fund, and the ACE Shareholder Return Value Active ETF.

Kim’s three representative funds share the common characteristic of discovering undervalued value stocks. The Korea Investment Small-Mid Value Fund invests in undervalued small and mid-cap stocks with potential to transition from value to growth stocks. The Korea Investment Long-Term Value Fund early identifies and includes stocks significantly undervalued relative to their intrinsic value. Similarly, the ACE Shareholder Return Value Active ETF invests in value stocks with solid fundamentals and long-term growth potential. This is why Kim is called a "value investment manager."

At the book concert, Kim said, "As a fund manager, I have keenly experienced the Korea discount phenomenon," adding, "Based on my experience visiting over 1,100 companies more than 2,500 times in the past decade, I believe now is the perfect opportunity to resolve the Korea discount."

He continued, "Among the various factors causing the Korea discount, the core issues are opaque corporate governance and low shareholder returns," emphasizing, "Considering social factors such as the spread of shareholder activism and shareholder solidarity, institutional factors including government policy changes, and internal factors like generational change in corporate management?the era of shareholder returns is coming."

The book concert will also introduce "small and mid-cap blue-chip stocks" that should be invested in during the era of shareholder returns. Kim said, "Small and mid-cap blue-chip stocks are the intersection of stocks that will benefit from the era of shareholder returns and blue-chip stocks," adding, "It is the right time to invest in companies with abundant asset and earnings value that practice shareholder returns."

Further explanation was given about the ACE Shareholder Return Value Active ETF, which includes small and mid-cap blue-chip stocks. The ETF’s components include SeAH Steel Holdings, Creverse, Youngone Holdings, SK Gas, and Cuckoo Holdings. Many of these stocks have steadily increased their dividend yield. Their average price-to-book ratio (PBR) is below 1. Recently, interest in shareholder return and low PBR stocks has surged, and the ETF’s trading volume over the past five business days has nearly increased 20 times compared to the 2023 daily average.

Kim recommended the ACE Shareholder Return Value Active ETF and the book "Compete with Premium Blue-Chip Stocks in the Era of Shareholder Returns" to investors interested in changes in shareholder returns and governance of Korean companies, as well as pension investors, saying, "I hope 'shareholder capitalism,' which places maximizing shareholder profit at the center of corporate management, will flourish."

The book concert can be viewed on the official YouTube channel of Korea Investment Trust Management from 5 p.m. on the 7th. All products are performance-dividend type products, and principal loss may occur depending on management results.

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