Yuri Asset Management Launches 'Global Top 10 Stocks and Short-Term Bonds' Fund

[Asia Economy Reporter Minji Lee] Yuri Asset Management announced on the 2nd that it has launched the ‘Yuri Global Top10 Stocks and Short-term Bonds Securities Investment Trust (Bond Mixed)’ fund.

This product has a strategy of investing about 30% in the global Top10 stocks and 70% in domestic short-term high-quality corporate bonds. The Top10 stocks are selected from globally core companies with high investment attractiveness, such as Apple and Google, which everyone would want to invest in at least once, and some stocks are replaced depending on market conditions. The bonds are mainly invested in high-quality corporate bonds with a credit rating of A- or higher, and it is characterized by investing in short-term bonds with a maturity of about one year to be less sensitive to future interest rate hikes.

Jinkyu Han, CIO (Chief Investment Officer) of Yuri Asset Management, said, “After the surge in the stock market due to the COVID-19 issue, it is expected to be reorganized around blue-chip stocks in the future, so it is necessary to pay attention to global large-cap stocks with high market dominance and excellent corporate performance.” He explained, “Backtesting the strategy over the past five years showed an average annual return of 9%, and it has never fallen more than -4% at once.” He added, “It is a product recommended for investors expecting a target annual return of about 5% in the future.”

The Yuri Global Top10 Stocks and Short-term Bonds Fund performs currency hedging on the stock portion exposed to the dollar, and no redemption fee is charged upon redemption. This fund is currently available through Woori Bank, and plans to expand sales channels to major banks and securities firms in the future.