KB Asset Management's 'KB US Representative Growth Stock Fund' Surpasses 300 Billion KRW in Net Assets

KB Asset Management announced on the 18th that its North American equity fund, the ‘KB US Representative Growth Stock Fund,’ surpassed 300 billion KRW in net assets as of the previous day.

Launched in 2020, the ‘KB US Representative Growth Stock Fund’ 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 in companies that hold strong leadership within global industries or continuously generate profits based on new growth engines, as well as high-quality companies with excellent performance and active shareholder returns. It also adjusts the proportion of small and mid-cap stocks and defensive sectors according to market conditions to generate alpha (α) returns.

The ‘KB US Representative Growth Stock Fund’ is divided into three types: currency-hedged (H), currency-exposed (UH), and dollar-denominated (USD).

According to the fund rating agency FnGuide, as of the 17th, the year-to-date return of the ‘KB US Representative Growth Stock Fund (UH)’ was 53.34%, more than double the average return of 26.80% for 61 North American equity funds.

Long-term returns are also excellent. The 2-year and 3-year returns reached 116.39% and 69.56%, respectively, ranking first among North American equity funds.

For the ‘KB US Representative Growth Stock Fund (USD) and (H),’ the year-to-date returns are approximately 52.93% and 38.00%, respectively.

As of the end of November, the sector allocation is led by Information Technology (IT) at 45.98%, Consumer Discretionary at 14.54%, and Communication Services at 13.13%. Top holdings include NVIDIA (9.81%), Alphabet (6.50%), Apple (6.12%), Microsoft (6.08%), and Amazon (5.53%).

Kim Kang-il, Director of Global Operations at KB Asset Management, stated, “The US’s leadership in the AI industry and innovative technology represents not just a stock price increase but a new expansion of ‘American exceptionalism.’ With the second Trump administration’s corporate tax cuts and deregulation policies expected to provide new growth momentum to the AI industry, we recommend this fund to pension investors seeking long-term returns.”

The fund is currently available for subscription through major domestic banks and securities firms such as KB Kookmin Bank, KB Securities, Shinhan Bank, Woori Bank, Korea Investment & Securities, Mirae Asset Securities, Woori Investment & Securities, NH Investment & Securities, and Samsung Securities. It can also be invested in through pension savings, retirement pensions, and Individual Savings Accounts (ISA).