KCGI Korea Target Conversion No.4 Fund Sees Strong Subscription Demand

KCGI Asset Management announced on October 31 that a total of 53.9 billion won was raised for the "KCGI Korea Target Conversion No.4 [Bond Mixed]" fund, which was open for subscription until October 30.

The cumulative amount raised this year by the KCGI Target Conversion Fund series, which was first introduced in April, reached 564.6 billion won. The newly raised fund is a bond-mixed product that invests more than 50% in high-credit bonds such as government bonds, monetary stabilization bonds, and high-grade financial bonds, and up to 30% in domestic stocks.

The fund is structured to pursue excess returns while maintaining stability, and it is converted into a bond fund once the target return of 6% is achieved.

A representative from KCGI Asset Management explained, "Recently, market interest rates have shifted to a low-interest trend, and expectations for stock price increases have grown due to the boom in the semiconductor sector. The increase in demand from investors seeking medium-risk, medium-return products by allocating part of their funds to equity assets has contributed to the fund's strong performance."

The representative added, "The product's design, which allows individual investors to grow their assets stably without the difficulty of stock selection or market timing, has received a positive response."

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