KCGI Asset Management Forms Strategic Partnership with Fidelity

On January 5, KCGI Asset Management announced that it held a strategic partnership agreement ceremony with global asset management firm Fidelity International and plans to introduce a partnership fund utilizing Fidelity's global research and management capabilities.

This marks the first time that Fidelity International has partnered with a domestic asset management company to launch a product in Korea.

Fidelity International, established in 1969, manages 1.0554 trillion US dollars (approximately 1,523 trillion Korean won) worldwide. It is one of the global asset managers with research capabilities covering the entire world and provides funds in more than 30 countries.

KCGI Asset Management, founded in 2008, is a comprehensive asset management company investing in domestic and overseas equities, bonds, and alternative assets. It specializes in public equity funds.

A representative from KCGI Asset Management stated, "Cooperating with Fidelity, which possesses world-class global research and management capabilities, will be a decisive opportunity to enhance KCGI's global research and management competencies and further improve client returns."

The global portion of KCGI Asset Management's total assets under management reaches 34%.

A representative from Fidelity commented, "Through our partnership with KCGI Asset Management, which has a deep understanding of the Korean market and active management capabilities, we expect to create synergies in product marketing and management."

The two companies will share Fidelity's global research and model portfolios to launch new funds managed by KCGI Asset Management. As its first product, KCGI Asset Management plans to launch a fund investing in US AI tech companies.

This fund will invest in US technology stocks, focusing on US AI tech companies with global market dominance and strong long-term growth potential. To ensure stability, the fund will also include high-quality domestic bonds.