Heungkuk Asset Management Lists New HK Money Market Active ETF

Heungkuk Asset Management will list the "HK Money Market Active ETF" on the Korea Exchange on September 30.

This newly launched product is an exchange-traded fund (ETF) that allows investors to manage idle or reserve funds safely over a short period. While it has a structure similar to a money market fund (MMF), it aims for higher returns. It is suitable as a short-term cash management tool for pension savings and retirement pension investors.

The main investment targets are domestic bonds rated AA- or higher and commercial papers rated A1 or higher. By primarily investing in high-quality assets with an average remaining maturity of around 120 days, the fund seeks to minimize interest rate fluctuation risks and achieve stable performance. In addition, by investing in short-maturity, high-quality bonds, it simultaneously pursues stability, liquidity, and profitability, enabling investors to seek market-level returns even with short-term investments.

Heungkuk Asset Management has a strong track record in bond management, with assets under management reaching 37.7 trillion won, ranking sixth among all asset management companies.

With the listing of this ETF, Heungkuk Asset Management now offers a lineup of six ETFs, including three bond-type and three equity-type products. The net asset value of its bond-type ETFs has increased by approximately 66% compared to the previous year, solidifying its reputation as a leading bond house.

The company's flagship equity ETFs, "HK Best Eleven Active ETF" and "HK S&P Korea Low Volatility ETF," have also outperformed their benchmarks by 24.3 percentage points (P) and 41.6 percentage points (P), respectively, since their inception.

Park Hyungtae, Head of Bond Management at Heungkuk Asset Management, stated, "Heungkuk Asset Management's strength lies in credit risk management, which is the most important aspect of bond management. We will do our best to provide investors with differentiated return opportunities through systematic and flexible management."

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