NH-Amundi Asset Management's 'Pilseung Korea Fund' Surpasses 1 Trillion Won in Net Assets

NH-Amundi Asset Management announced on January 22 that the net asset value of the 'NH-Amundi Pilseung Korea Fund' has surpassed 1 trillion won.

According to Shinhan Fund Partners, as of January 14, the net asset value of the Pilseung Korea Fund stood at 1.015 trillion won. The fund, which was valued at 295 billion won at the beginning of last year, has grown more than threefold in about a year, surpassing the 1 trillion won milestone.

Performance exceeding the market has driven this growth. As of January 20 (A-e Class), the fund posted a six-month return of 67.72% and a one-year return of 120.16%. Since its launch in August 2019, its cumulative return has reached 349.85%, significantly outpacing the KOSPI index's gain of 153.7% over the same period.

The Pilseung Korea Fund is an investment product that focuses on domestic companies related to 'materials, parts, and equipment' with global competitiveness. More than 50% of the portfolio is composed of core stocks expected to benefit from strengthening the domestic supply chain and localization, while up to 40% is invested in satellite stocks with global growth potential and strong fundamentals to pursue alpha returns.

To enhance stability, the fund employs proactive risk management to avoid concentration in specific sectors or stocks. Based on systematic management, the fund has built a solid track record, having underperformed the KOSPI index only once in annual performance since its inception in 2019.

The Pilseung Korea Fund also serves as a public interest fund. NH-Amundi Asset Management allocates 50% of its management fees from the fund to a public interest fund. The accumulated funds are used for scholarships at universities related to materials, parts, and equipment technology, as well as other social contribution activities, creating a virtuous cycle in which investors can indirectly contribute to strengthening Korea's industrial competitiveness.

Shin Yongin, Executive Vice President and Head of Marketing at NH-Amundi Asset Management, explained, "The solid track record we have built over the past six years, combined with the upward trend in the domestic stock market, has led to the achievement of surpassing 1 trillion won."

He added, "Going forward, we will continue to fulfill our role as an investment partner sharing the fruits of Korea's economic growth with our clients, focusing on the 'Korea Fund Series,' including Pilseung Korea, 100-Year Company Green Korea, and Growth-Driven Korea."