KB Asset Management's 'US Representative Growth Stock Fund' Ranks No.1 in North American Equity Returns

KB Asset Management announced on the 28th that its North American equity fund, ‘KB US Representative Growth Stock Fund,’ is recording outstanding returns.

According to the fund rating agency FnGuide, as of the 23rd, the 1-year return of the ‘KB US Representative Growth Stock Fund (UH)’ was 37.42%, significantly outperforming the average return of 21.4% for 55 North American equity funds, ranking first overall. Additionally, the 6-month and year-to-date returns were 16.51% and 27.48%, respectively.

Launched in 2020, the ‘KB US Representative Growth Stock Fund’ currently includes over 50 leading competitive US companies in sectors such as artificial intelligence (AI), autonomous driving, cloud computing, and the Internet of Things (IoT).

The fund selectively invests mainly in companies that have a strong leadership position in global industries or continuously generate profits based on new growth drivers, as well as high-quality companies with excellent performance and active shareholder returns.

The fund also adjusts the proportion of small and mid-cap stocks and defensive stocks according to market conditions to generate alpha (α) returns.

Looking at recent portfolio weights by sector, information technology (IT) accounts for the largest share at 48.78%, followed by consumer discretionary at 14.24%, and communication services at 12.72%. By individual stocks, Nvidia (8.76%), Apple (7.92%), Microsoft (7.45%), Alphabet (6.86%), and Amazon (5.75%) hold the top positions.

Kim Kang-il, Director of the Global Investment Headquarters at KB Asset Management, said, “‘KB US Representative Growth Stock Fund’ achieved good results by proactively investing in AI-themed companies from the fund’s inception. Moving forward, we will continue to achieve excellent returns by investing in companies expanding their market share in innovative pharmaceuticals, power infrastructure, and fragmented consumer trends.”

The ‘KB US Representative Growth Stock Fund’ is divided into three types: currency-hedged (H), currency-exposed (UH), and dollar-denominated (USD). It is currently available for subscription at major domestic banks and securities firms including KB Kookmin Bank, KB Securities, Korea Investment & Securities, Shinhan Bank, Woori Bank, NH Investment & Securities, and Samsung Securities. Starting from the 30th of this month, it will also be available through Mirae Asset Securities.