Mirae Asset's Janggi Seongjang Focus Fund Surpasses 100 Billion KRW in Net Assets

Mirae Asset Global Investments announced on the 12th that the net assets of the ‘Mirae Asset Long-term Growth Focus Fund,’ which concentrates on domestic growth stocks, have surpassed 100 billion KRW.

According to the fund rating agency KG Zeroin, as of the 11th, the net assets of the Mirae Asset Long-term Growth Focus Fund reached 103.9 billion KRW. The fund, which had net assets of only 5 billion KRW at the end of 2018, has grown to 100 billion KRW in just over five years, driven by excellent returns.

The Mirae Asset Long-term Growth Focus Fund selects and invests in growth stocks recognized for their growth potential and technological capabilities among Korean companies listed on the KOSPI and KOSDAQ. Unlike typical benchmark funds that diversify across many industries and numerous companies, this fund focuses on a small number of stocks. The number of holdings is about 30, and through active buying and selling based on market conditions and individual company situations, it maximizes the advantages of an active fund.

The fund’s management strategy, which actively discovers growth stocks not only in the IT sector, a representative domestic growth industry, but also in other sectors, has led to excellent returns. As of the 11th, the fund’s one-year return was 26.10%, which is 13 percentage points higher than the benchmark (KOSPI). Over the past three years, during which the benchmark recorded a negative return (-10.15%), the fund achieved a return of 27.03%.

Seo Yoon-seok, head of the Research Division at Mirae Asset Global Investments, explained, "As market participants’ understanding of the market deepens, capital concentration on specific industries and stocks is becoming stronger." He added, "A strategy focusing on specific stocks rather than basket purchases of industries is effective." He continued, "We will continue to timely capture growth stocks in different segments and strive to deliver excellent returns through active sector and company rotation."

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