Published 26 Apr.2024 10:49(KST)
KCGI Asset Management has entered the top ranks in returns in the global fund management sector as well.
KCGI Asset Management announced on the 26th that, based on Zeroin data as of the 15th, its global equity fund achieved a 3-year return of 29.0%, ranking first. The global equity hybrid fund recorded returns of 21.9%, 22.3%, and 61.8% over 6 months, 1 year, and 5 years, respectively.
The global equity fund is a fund that diversifies investments across global stock markets and holds a significant portion in retirement asset portfolios such as target date funds (TDFs).
According to the Korea Financial Investment Association, the size of public overseas fund assets stood at 81 trillion KRW as of the end of last month, marking a 105% increase compared to 36.4 trillion KRW in April 2019, five years ago. During the same period, the total size of public domestic fund assets increased by 47%, showing a growth rate more than twice as high for overseas funds.
KCGI Asset Management explained that the main reasons for improved returns are ▲selecting growth companies benefiting from long-term structural changes such as technological advancement and climate change ▲introducing an investment process that combines fundamental and quantitative analysis ▲operating a concentrated portfolio based on a global quantitative model while simultaneously managing risks.
By fund, the KCGI Global High Dividend Fund, classified as a global equity fund investing in dividend stocks worldwide, recorded returns of 21.0% over 6 months, 20.5% over 1 year, and 39.5% over 3 years. This corresponds to an annual compound return of 11.6% over 3 years.
The KCGI Junior Fund, which diversifies investments in global growth stocks, also posted returns of 26.2% over 6 months, 29.7% over 1 year, 27.5% over 3 years, and 81.3% over 5 years. This equates to an annual compound return of 12.6% over 5 years.
The KCGI Salaryman Fund, classified as a global equity hybrid fund and one of KCGI Asset Management’s flagship funds, contributed to KCGI ranking among the top in the global bond hybrid category with returns of 22.0% over 6 months, 17.9% over 1 year, 19.3% over 3 years, and 63.1% over 5 years.
Since changing its name from Meritz Asset Management to KCGI Asset Management last August, KCGI Asset Management has shown strong returns in both domestic and overseas equity funds, entering the top ranks in short- and long-term returns in domestic general equity funds as well, ranking 1st over 6 months (18.2%), 1st over 1 year (18.8%), and 5th over 5 years (45.6%).
The survey analyzed returns of asset management companies with assets under management of 50 billion KRW or more within global equity, global equity hybrid, and domestic general equity funds, based on Zeroin’s classification criteria by fund type.
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