Heungkuk Asset Management Achieves Target Returns Early with Data Focus Fund

Heungkuk Asset Management announced on January 21 that the first and second series of the "Heungkuk Data Focus Target Down Target Conversion Fund," which were launched in the second half of last year, have recently exceeded their target returns ahead of schedule.

The first fund, established in September last year, recorded a return of 7.1% (based on Class A) and surpassed its target return on January 9. The second fund, launched in November last year, also achieved its target return early, recording a 6.2% return (based on Class A) and exceeding its target on January 16.

The "Data Focus" strategy selects high-quality growth stocks with strong performance momentum by focusing on objective indicators such as export statistics and actual sales, while supplementing with big data from social media. By investing intensively in leading companies with technological prowess, growth potential, and brand competitiveness, the fund aims to generate excess returns beyond simple index tracking.

The fund applies a target return for 12 months after inception and then lowers the target return in a "target down" structure. Since the target returns have been achieved, the assets are now being shifted to safe assets such as government bonds, high-quality corporate bonds, and commercial paper (CP).

Lee Seokhee, Head of Pension and WM Marketing Division, explained, "As policy changes such as stock market advancement and activation measures are driving structural improvements in the domestic stock market, investors are increasingly interested in target conversion funds that can pursue both profitability and stability."

He added, "We plan to launch the third target conversion fund with the Data Focus strategy next month, in line with market trends."