Daesin Securities, Public Offering High-Yield Fund Sales Balance Surpasses 100 Billion Won

Daishin Securities' public offering high-yield fund sales balance has surpassed 100 billion KRW.

Daishin Securities announced on the 2nd that the sales balance of 13 public offering high-yield funds sold by the company recorded 111.4 billion KRW as of April 30.

Since the second half of last year, Daishin Securities has been actively selling public offering high-yield funds as products to respond to market volatility.

To enhance customer returns, they select high-quality funds by considering the track record and management scale of asset managers. Among the public offering high-yield funds sold by Daishin Securities, the recent one-year average return of seven funds that have been established for over one year reaches 9.14%.

Public offering high-yield funds invest in corporate bonds rated BBB+ or below to pursue high returns. Additionally, they can expect extra profits through preferential allocation benefits of public offerings.

For high-yield funds, 5% of the public offering volume is preferentially allocated for KOSPI listings, and 10% for KOSDAQ listings.

Public offering high-yield funds offer a separate taxation benefit on dividend income up to a subscription amount of 30 million KRW, making them known as tax-saving products for high-net-worth individuals.

Kim Dong-guk, Head of Product Solutions, said, "We are strategically selling funds reflecting volatility response and the enthusiasm for public offering investments," adding, "Investors are showing great interest as they can gain additional profits through participation in public offerings along with interest income from high-interest bonds."