KB New Korea Fund Leads the Way in Revitalizing Public Offering Funds

The "KB New Korea Fund," launched last month by KB Asset Management, is gaining popularity. Along with the revitalization of the domestic stock market, expectations for the activation of public offering funds are also rising.

According to the asset management industry and KB Asset Management on August 1, the KB New Korea Fund attracted 24 billion KRW within just one week of its launch.

KB Asset Management launched the public offering fund in line with the new government's industrial policy direction and the advancement of the capital market. The KB New Korea Fund is an equity fund that selectively invests in companies expected to benefit from the government's growth policies. It seeks structural growth opportunities by investing in the six strategic industries designated by the government: artificial intelligence (AI), bio, contents & culture, defense, energy, and factory (manufacturing). KB Asset Management aims to simultaneously pursue growth and profitability by selecting companies related to semiconductors, bio, defense, and K-culture, which are expected to serve as mid- to long-term growth engines.

Yook Donghwi, Head of Pension WM Division at KB Asset Management, introduced, "In addition to this, holding companies expected to see improved profitability from the alleviation of the 'Korea Discount' due to the advancement of the capital market, as well as stocks with low price-to-book ratios (PBR), are also investment targets."

He further explained, "When our equity research team constructs a model portfolio based on fundamentals and anticipated growth benefits, the fund manager then determines the AP (Actual Portfolio) based on this. Through this division of labor system, the fund can achieve optimal investment results."