Hana Asset Management announced on the 10th that it has launched 'Hana Fighting Korea,' a value-up fund, as its first new product of the year.
The Hana Fighting Korea fund primarily invests in value-up stocks that focus on improving shareholder return rates. The fund constructs its universe through proprietary screening using indicators such as price-to-book ratio (PBR), dividend yield, and cash flow, and features a value-up strategy that actively selects stocks with proactive shareholder return policies. As a sub-strategy, similar to the second half of last year, it utilizes opportunities for additional returns when symbolic companies in the domestic stock market reach undervalued levels.
A representative from Hana Asset Management stated, “Although the recent domestic stock market has shown a sluggish trend, raising doubts about the value-up program, the value-up initiative is still in its early stages,” and added, “In the long term, the value-up program is expected to act as a catalyst for resolving the Korea discount, so we will focus on discovering beneficiary stocks related to this.”
The fund can be subscribed to through Hana Securities and Kookmin Bank.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
