Hana Fighting Korea Fund Surpasses 100 Billion Won in Net Assets

Hana Asset Management announced on November 12 that the net assets of the "Hana Fighting Korea" fund, launched on January 2, have surpassed 100 billion won.

The fund was planned and launched at a time when the Korean stock market was shifting from quantitative to qualitative growth. With "Re-rating" and "Value-up" of the Korean market as its core keywords, the fund was named "Fighting Korea" to signify "empowering the Korean stock market."

The Hana Fighting Korea Fund combines the Value-up Korea and Buy-chip Korea strategies, focusing its investments on stocks expected to see improved shareholder return rates and corporate value re-evaluation. The Value-up strategy selects companies that could be re-evaluated in the future through shareholder value enhancement policies such as dividends and share buybacks. While using the Korea Value-up Index as a benchmark, the fund seeks to deliver differentiated performance through active management that aims to outperform the index.

The Buy-chip strategy invests in value stocks that are temporarily undervalued due to internal and external issues, focusing on leading stocks in each sector. The portfolio is composed mainly of companies with clear signs of fundamental recovery, such as low price-to-book ratios, improved cash generation, and rising return on equity (ROE).

Stock selection is based on four main criteria: ▲shareholder return rate (dividends + share buybacks/net profit), ▲degree of undervaluation (based on PBR), ▲improvement in cash flow, and ▲improvement in ROE.

Since the beginning of this year, the Hana Fighting Korea Fund has recorded an 85% return, outperforming the KOSPI’s 65% rise by about 20 percentage points. It achieved the highest performance among 16 value-up related funds.

Kim Jeongpyo, the fund manager, stated, "The trend of Korean companies strengthening shareholder returns and structural re-rating is just beginning. The Hana Fighting Korea Fund is leading this structural change and is at the center of the value-up market."

The fact that the Hana Fighting Korea Fund surpassed 100 billion won in net assets is significant, as it was achieved in a market environment where, despite the KOSPI rising by about 65%, domestic equity funds saw a net outflow of approximately 2 trillion won.

This is also a result of the strengthened research capabilities of the equity management division since Hana Asset Management was launched as part of Hana Financial Group in October 2023. The "Hana K-ing" fund, another flagship active equity fund from Hana Asset Management that mainly invests in stocks expected to see multiple expansion, has achieved an 82% return since the beginning of the year.

Based on the management philosophies of these two funds, the "Hana Re-rating Korea Target Conversion Fund" was launched and achieved its target return of 7% in just over a month, converting to a bond-type fund on November 6. The "Re-rating Korea No. 2 Fund" will be launched next month.

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