Nearly 500 billion KRW in funds have flowed into the KCGI Target Maturity Fund, which was first launched in April, over the past four months.
KCGI Asset Management announced on August 26 that 134.7 billion KRW had been raised for the Target Maturity Bond Mixed Fund No. 3.
From August 11 to 25, KCGI Asset Management raised investment for the KCGI Korea Target Maturity Fund [Bond Mixed] No. 3 through 11 distributors. The cumulative amount set for KCGI Target Maturity Bond Mixed Funds No. 1 to No. 3 has reached 467.5 billion KRW.
The fund invests more than 50% in high-credit bonds such as government bonds, monetary stabilization bonds, and top-tier financial and corporate bonds, while investing up to 30% in domestic stocks, maintaining stability while seeking excess returns. If the target yield of 6% is achieved, the fund is converted to a bond-type structure.
The Target Maturity Bond Mixed Fund has gained popularity by meeting the demand of customers seeking medium-risk, medium-return products, as market interest rates have shifted to a low-rate trend and expectations for stock price increases have risen following the passage of the Commercial Act amendment and the anticipated resolution of the Korea Discount.
A KCGI Asset Management representative explained, "We are focusing on designing products that help individual investors overcome difficulties in stock selection and market timing, enabling them to grow their assets in a stable manner."
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