KB Asset Management Launches 'KB DWS Multi-Asset Wise Return Fund'

by Park Soyeon

Published 19 Apr.2023 08:30(KST)

KB Asset Management is launching the ‘KB DWS Multi-Asset Wise Return Fund’.

The ‘KB DWS Multi-Asset Wise Return Fund’ is a fund of funds investing in DWS Asset Management’s ‘DWS concept Kaldemorgen Fund’.

The ‘DWS concept Kaldemorgen Fund’ has recorded an excellent long-term performance with an average annual return of 7.6% since its inception in May 2011.

This product diversifies investments across various asset classes such as global equities, bonds, and commodities, making it suitable for investors seeking stable long-term capital management. The asset allocation of the underlying fund consists of 44.1% equities, 31.7% bonds, and 8.1% commodities.

Looking at the equity allocation by country as of the end of 2022, the Eurozone accounts for the largest portion at 22.92%, followed by North America (12.93%) and Japan (3.76%). In the bond segment, North America holds the largest share at 15.84%, with AAA-rated bonds comprising the highest investment proportion at 20.83%.

KB Asset Management Launches 'KB DWS Multi-Asset Wise Return Fund'

Lee Seok-hee, Executive Director of the Pension WM Division at KB Asset Management, stated, "The underlying fund is a top-rated multi-asset allocation fund recognized by global rating agencies such as Morningstar and Lipper. To achieve consistent performance regardless of market timing, it invests primarily in assets with low principal loss risk while utilizing derivatives to generate additional returns."

The ‘KB DWS Multi-Asset Wise Return Fund’ will be available for subscription at KB Kookmin Bank starting from the 20th. To strengthen the global asset allocation fund lineup, additional products investing in representative index ETFs (S&P 500, Nasdaq, Euro Stoxx, etc.) and bond ETFs will also be launched.

The ‘KB DWS Multi-Asset Wise Return Fund’ is managed as a currency-hedged type (H) to mitigate risks from exchange rate fluctuations. Investors can choose among A type (1% front-end load, annual fee 0.855%), A-E type (1% front-end load, annual fee 0.580%, online exclusive), C type (no front-end load, annual fee 1.205%), and C-E type (no front-end load, annual fee 0.755%, online exclusive). It is also available for pension savings and retirement pension plans.