Kyobo AXA Tomorrow Ultra-Short-Term High-Quality Bond Fund Surpasses 1 Trillion Won in Net Assets

Kyobo AXA Investment Managers announced on June 24 that the Kyobo AXA Tomorrow Ultra-Short-Term High-Quality Bond Fund surpassed 1 trillion won in net assets as of June 20.

Amid growing market interest, the fund has attracted 785.6 billion won in inflows so far this year. Over the past year, its return for Class C shares was 3.76% per annum, making it the top performer among ultra-short-term bond funds in the industry.

The Kyobo AXA Tomorrow Ultra-Short-Term High-Quality Bond Fund added the term "Tomorrow Redemption" to its name during a fund remodeling on May 26, 2024. This was the first case among domestic bond funds to change the redemption timing in a way that is easy for clients to understand. Since then, many asset management companies have adopted similar naming conventions for their funds.

The Kyobo AXA Tomorrow Ultra-Short-Term High-Quality Bond Fund diversifies maturity structures by asset type to minimize risks from interest rate fluctuations. It invests mainly in high-credit-grade bonds to enhance stability. Depending on market interest rate conditions, the fund adjusts its duration to around 3 to 6 months, shortening duration during periods of rising rates and extending it when rates are falling. The fund pursues flexible management to secure returns.

The Kyobo AXA Tomorrow Long-Term High-Quality Bond K-1 Fund, which Kyobo AXA Investment Managers has been operating since September 5, 2006, currently has 1.7191 trillion won in assets under management. With two public bond funds exceeding 1 trillion won, Kyobo AXA Investment Managers has further strengthened its competitiveness in the bond fund market.