"KCGI Fidelity US AI Tech Target Return Fund" Achieves 7% Target Return

KCGI Asset Management announced on May 8 that the "KCGI Fidelity US AI Tech Target Return Fund" has achieved its target return of 7%.

According to KCGI Asset Management, the fund reached its target return in just 82 days, recording a base price of 1,072.27 won (a return of 7.23%) as of May 6, after being launched on February 13. After achieving the target, the fund is managed as a bond-type fund.

This fund adopts a medium-risk, medium-return strategy by leveraging the research capabilities of Fidelity, a global investment company, and invests less than 50% in U.S. AI tech stocks and more than 50% in Korean bonds.

During the period, the overseas stock portion of the fund posted a return of 15.9%, outperforming the U.S. Nasdaq Index (12.3%) and the S&P 500 Index (6.5%) over the same period. A KCGI Asset Management representative stated, "It appears that the stock selection effect utilizing Fidelity's research was excellent."

Meanwhile, on April 21, KCGI Asset Management launched the "KCGI Fidelity Korea-US AI Tech [Equity] Fund," an open-ended fund that invests in AI stocks in both Korea and the U.S., rather than being a target return fund. This fund is managed using KCGI Asset Management's expertise in Korean equities and, for the U.S. market, constructs a model portfolio based on Fidelity's research to select and invest in companies that are expected to be winners in the AI cycle. The investment grade for this fund is Level 2 (High Risk).

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