Hanwha Asset Management Achieves 7% Target Return Early with Hanwha MAGA 2.0 Fund
Hanwha Asset Management announced on August 7 that the 'Hanwha MAGA 2.0 Target Conversion Type' No. 3 Fund achieved its target return of 7% just five months after its inception.
This performance was driven by a differentiated equity management strategy amid significant volatility in exchange rates and stock markets caused by global tariff disputes.
As of August 4, the Hanwha MAGA 2.0 Target Conversion No. 3 Fund recorded a cumulative return of 7.68%. The fund's total assets under management amount to 41.3 billion KRW. Having achieved its target return, the fund will now be converted into stable bond assets, and early redemption is possible before the fund's maturity date of March 17, 2026.
This fund is a bond-mixed fund, investing no more than 40% in overseas equities and at least 60% in bonds and bond-type collective investment securities.
'MAGA' in the fund's name is an abbreviation of 'Make America Great Again,' the slogan of President Donald Trump. The fund was designed to proactively respond to the second term of U.S. President Donald Trump.
The fund analyzed and invested in industries directly affected by major policies, including: tariff policies and corporate tax cuts; deregulation; modernization of the power grid; and sectors benefiting from more efficient government operations.
The fund utilized management strategies that had already been validated in the 'Hanwha Heracles Advanced Countries Active' fund. As a result, even after the Trump administration's announcement of reciprocal tariffs, the fund was able to boost overall performance by deploying volatility utilization strategies and investing in key leading stocks, despite the unfavorable foreign exchange market environment for bond investments.
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Choi Youngjin, Chief Marketing Officer (CMO) of Hanwha Asset Management, stated, "We were able to maximize investment returns and achieve early redemption even under various constraints by proactively identifying and investing in industries and stocks that can lead the Trump 2.0 era. We will continue to analyze the flow of forces that move the world to contribute to increasing customer profits."
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