ABL Life's Variable Insurance Fund 'Gold Fund' Surpasses 10 Billion KRW in Assets Under Management

[Asia Economy Reporter Oh Hyung-gil] ABL Life announced on the 12th that its variable insurance fund "Gold Fund," launched in April, has surpassed 10 billion KRW in assets under management. The cumulative return since its launch reaches 22.58%.

The Gold Fund is a fund launched by ABL Life to strengthen its lineup of safe asset-type variable insurance funds, diversifying investments across various gold-related assets.

It invests up to 40% in ETFs holding physical gold, and diversifies a certain proportion into ETFs of stocks of companies mining precious metals such as gold, silver, and copper, as well as global bonds, aiming to pursue both profitability and volatility mitigation simultaneously.

Choi Mi-young, head of ABL Life’s Variable Account Management Team, stated, "Due to the Federal Reserve Board’s aggressive liquidity supply, the value of the dollar has declined and inflation expectations have been triggered, causing gold prices to rise more than 30% this year. This Fed policy is expected to continue until the COVID-19 situation is resolved, maintaining the upward trend in gold prices."