Focus on Smart Cars, Low Carbon, and Metaverse... KB Securities Launches New Wrap Account Product

Operation Managed with Advisory from Eunistory Asset Management

[Asia Economy Reporter Minwoo Lee] KB Securities is launching a wrap account product that focuses on investments in smart cars, low carbon, and the metaverse (extended virtual world).

KB Securities announced on the 19th that it will sell the 'KB Headquarters Customized (Uni-Recovery) Wrap' until the 22nd.

This is a convertible wrap service that sets an appropriate target return depending on market conditions, and when the target return is reached during the management period, the held stocks are sold and managed as cash-equivalent assets. It is managed with advice from Unistory Asset Management and invests in domestic stocks and domestic exchange-traded funds (ETFs). It particularly focuses on the three trends of ‘smart cars, low carbon, and the metaverse.’

Unistory Asset Management is a specialized domestic stock management company currently managing assets of about 300 billion KRW. It especially provides private services centered on individual asset owners.

This product may incur principal loss depending on investment results and charges a 1.5% upfront fee. The minimum subscription amount is 30 million KRW, and the contract period is one year. It can be subscribed to at KB Securities branches nationwide. For more details, please inquire at the nearest KB Securities branch.

Kim Yuseong, Head of the Investment Solutions Center at KB Securities, said, "This product is suitable for volatile markets," adding, "It is advisable to invest in long-term assets while diversifying part of the funds into convertible wraps when market conditions are uncertain."