Shinyoung Corporate Value Level-Up Target Conversion Fund No. 3 Attracts 217 Billion Won in Capital

Shinyoung Asset Management announced on November 19 that its recently launched Shinyoung Corporate Value Level-Up Target Conversion Fund No. 3 attracted 217 billion won in capital.

This is nearly four times the amount raised by the previous Target Conversion Fund No. 2. Since launching the Shinyoung Corporate Value Level-Up Target Conversion Fund No. 1 equity fund in July last year, Shinyoung Asset Management has surpassed a cumulative total of 385 billion won in assets under management, including the bond-mixed fund that closed its fundraising on the 17th.

The stable achievement of targets by the Target Conversion Fund series is being cited as a testament to Shinyoung Asset Management’s robust research-based value assessment expertise and its strong management capabilities.

Im Seokyoung, Director of Marketing at Shinyoung Asset Management, commented, “Our investment strategy, which aligns with enhanced shareholder returns, high dividends, and current government policies, is demonstrating a well-balanced approach.”

The company’s flagship product, the Shinyoung Value High Dividend Fund, has recorded a cumulative return of 1,245% and an average annual compound return of 12.2% over 22 years since its launch in 2003, based on the C class as of the 17th.

The Shinyoung Corporate Value Level-Up Target Conversion Fund No. 3 is a bond-mixed fund, investing more than 50% in domestic bonds and less than 50% in domestic equities. Once the target return of 7% is achieved, the fund is automatically converted into a bond fund. The bond portion invests in high-quality corporate and bank bonds with maturities of around one year.

As its name suggests, the fund’s investment strategy focuses on identifying and including companies whose corporate value consistently increases through profit growth and shareholder value enhancement. The portfolio is concentrated in 30 to 50 stocks.

To maximize diversification, the portfolio consists of companies that are: ▲ expanding practical shareholder returns by utilizing value-up program plans, ▲ expected to undergo governance reforms aligning the interests of major and minority shareholders, and ▲ anticipated to enhance corporate value through government-led industry promotion or restructuring.

The fund is managed by Park Younghoon, Team Leader of the Dividend Value Division at Shinyoung Asset Management, a veteran fund manager who has managed domestic equities since 2013. Park joined Shinyoung Asset Management in 2021 and has managed value stock strategies. In 2024, he contributed to the dividend stock strategy as the deputy manager of the Shinyoung Value High Dividend Fund.

Park stated, “While some sectors are showing signs of overheating, this product is designed to ease investors’ concerns through Shinyoung Asset Management’s value dividend stock portfolio,” adding, “We will do our utmost to achieve stable target returns.”

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