Hyundai Investment Didim EMP Fund's Returns 'Smooth Sailing'

Hyundai Investment Asset Management announced on the 6th that the 'Hyundai Investment Didim Global Multi-Asset Smart EMP Securities Investment Trust No.1' recorded a cumulative return of 8.51% as of December 31 last year.

According to fund evaluation company Fund Square, the domestic Didim fund returns ranged from -3.08% to 4.18% over the past month and from -3.65% to 10.76% over the past three months. The Hyundai Investment Didim EMP Fund recorded returns of 2.88% and 9.99% over the past one and three months, respectively, ranking among the top performers among all Didim funds.

The Hyundai Investment Didim EMP Fund is characterized by an active asset allocation strategy and an active currency hedging strategy according to economic phases. It divides economic phases into three stages?expansion, adjustment, and contraction?based on economic indicators, and performs asset allocation strategies by estimating investment risks and returns for each asset class according to each phase.

Unlike other funds, it treats foreign exchange as an asset, estimating investment risks and returns accordingly. The fund flexibly executes currency hedging strategies to pursue additional returns. In practice, the fund actively responded to the surge in the US dollar by taking currency exposure, generating foreign exchange gains. It plans to implement an active currency hedging strategy by capturing real-time exchange rate movements.

A company official stated, "We have newly recruited Daejin Kang as the head of the passive management team."

Team leader Daejin Kang has over 24 years of experience leading quant strategies and asset allocation at Samsung Asset Management, Hyundai Asset Management, Hanwha Asset Management, and Woori Asset Management. He is an asset management expert responsible for retirement pension-related strategies, solution development, and asset allocation fund management, including transitioning TDF funds from advisory portfolio construction methods to a self-developed dynamic asset allocation glide-path.

To strengthen the stability and responsibility of fund management, the company approved an investment of 1.8 billion KRW of proprietary capital and has completed an investment of 900 million KRW. It plans to assess market conditions and make an additional investment of 900 million KRW.

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