Korea Investment & Securities Launches Korea's First 'Foreign Currency Monthly Payout' Public Fund
Exclusive Sale of 'Korea Investment MAN Dynamic Income Monthly Dividend Fund'
Korea Investment & Securities is launching the country's first public fund that pays monthly dividends in US dollars.
Korea Investment & Securities announced on the 25th that it will exclusively sell the 'Korea Investment MAN Dynamic Income Monthly Dividend Fund (USD)' starting from the 28th.
This is the first foreign currency monthly payout public fund launched in Korea. It was newly introduced with a structure that pays dividends in foreign currency, building on the popularity of the Korean won monthly payout fund launched in November last year.
The fund indirectly invests in the global asset management firm MAN Group's 'Man Dynamic Income Fund,' characterized by diversified investment in undervalued global bond assets, enabling investors to secure a stable cash flow based on the US dollar. It invests in global government bonds, investment-grade and high-yield corporate bonds, emerging market bonds, and structured bonds, pursuing interest income and capital gains. The investment sectors and regions are flexibly selected according to market conditions.
As of February 2025, the fund's key performance indicator, YTW (Yield to Worst, the lowest yield a bond investor can expect), stands at around 8.6%, and it plans to pay investors monthly dividends in US dollars at an annualized rate of approximately 8-9%.
Yang Won-taek, Head of Investment Products Division, said, “In a situation where valuation pressure on risk assets continues, bond investment can still be an attractive option,” adding, “We plan to introduce various structured bond fund products that can achieve higher returns compared to market interest rates through collaboration with various global asset management firms in the future.”
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The establishment date of the Korea Investment MAN Dynamic Income Monthly Dividend Fund (USD) is February 28. Detailed information can be found on the Korea Investment & Securities website and at branches nationwide.
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