Heungkuk Asset Management Launches 'Heungkuk K-Beauty-Entertainment Target Conversion Fund'

Heungkuk Asset Management announced on August 7 that it is launching a new product, the 'Heungkuk K-Beauty-Entertainment Target Conversion Fund,' which reflects the global growth potential and investment appeal of K-culture.

The Heungkuk K-Beauty-Entertainment Target Conversion Fund invests in listed companies within K-culture-related industries such as K-pop, dramas, and cosmetics. Promising stocks were selected by leveraging Heungkuk Asset Management's proprietary export data and big data analysis capabilities, including social media analytics.

This fund features a target conversion structure that shifts assets to a stable portfolio once it achieves an 8% target return. The fund pursues growth in its initial phase and focuses on protecting returns thereafter. Heungkuk Asset Management expects that this approach will minimize volatility while actively capitalizing on profit opportunities during market upturns.

Lee Seokhee, Head of Pension WM Marketing Division at Heungkuk Asset Management, stated, "The K-content, beauty, and entertainment industries are expanding their cultural influence globally and driving innovation," adding, "Based on Heungkuk Asset Management's differentiated data analysis capabilities, investors can expect mid- to long-term investment value and competitive performance."

The fund will be open for subscription until August 18 and can be purchased through Samsung Securities, Kyobo Securities, iM Securities, and others.

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