KCGI Vietnam Fund Achieves 23.0% Return Last Year... Pays Out 22.6% Cash Distribution

KCGI Asset Management announced on January 8 that the KCGI Vietnam Fund (mixed equity), which it manages, delivered a return of 23.0% last year and paid out a cash distribution of 22.6%.

The KCGI Vietnam Fund's annual return of 23.0% ranks second among Vietnam funds managed in Korea with assets under management exceeding 50 billion won.

With the 22.6% cash distribution, the cumulative distribution for this fund, which was launched in September 2016, has reached 55.4%. This means the fund has generated an average annual return of 6.2% solely from distributions each year. As of January 7, the fund's post-distribution base price stands at 1,372 won, representing a return of 37.2% compared to the initial base price of 1,000 won.

A representative from KCGI Asset Management stated, "The Vietnam market rose last year, resulting in high returns for the fund. Given the significant gains in a highly volatile market, we determined that distributing a large portion of investment returns as cash dividends would be advantageous for investors, so we decided to pay a high percentage in cash dividends."

The representative added, "We will continue to implement investor-friendly policies for clients who trust and invest with our company."

KCGI Asset Management has been building its investment expertise in Asia by managing the KCGI China Fund, which invests in Greater China; the KCGI Asia Tech Fund, which invests in Asian technology companies; and the KCGI Emerging Market Fund, which invests in emerging markets such as China, Taiwan, Hong Kong, and Korea.