[2024 Asia Fund Awards] KB Asset Management Achieves Annual 40% Returns Through US Growth Stock Investments

Best Asset Manager in the Overseas Fund Sector

KB Asset Management was selected as the Best Overseas Fund Manager in the overseas fund category at the 15th annual '2024 Asia Fund Awards.'

As of the end of last year, KB Asset Management manages nearly 6 trillion KRW in overseas public offering fund assets. It has achieved excellent management performance by operating global funds investing not only in the US, Europe, and Japan but also in China and Vietnam over a long period. This success is attributed to strengthening direct management capabilities, including establishing a Shanghai office in China and a Ho Chi Minh office in Vietnam to enhance local research.

The fund receiving the most attention recently is the 'KB US Representative Growth Stock Fund,' launched in May 2020. It invests more than 70% in future growth industries such as artificial intelligence (AI), autonomous driving, and cloud computing. It has recorded outstanding performance with a 6-month return of 10.5% and a 1-year return of 41.6%.

Kim Kang-il, Manager of the Global Management Division at KB Asset Management, stated, "We plan to diversify investments in companies leading the AI ecosystem, as well as those driving innovation in obesity drugs and high value-added consumer goods." He added, "Based on research backed by abundant experience and expertise, we will continue to achieve excellent returns."