Business · Markets · 2 hrs ago

Samsung Active launches Korea-focused stocks and bonds ETF

Samsung Active launches Korea-focused stocks and bonds ETF

Samsung Active Asset Management listed a new exchange-traded fund in South Korea on Oct.

27.

The fund combines shares in leading companies by market value with domestic short-term bonds.

Its stock portfolio focuses on the five largest companies by market value and can include up to 10 companies, including potential rising leaders.

The bond portion uses high-quality short-term bonds to seek interest income, with an average duration of about one year to limit sensitivity to interest-rate changes.

The fund is classified as a safe asset for certain retirement plans, and investors can put all their money in it through those plans, personal pensions and individual savings accounts.

The manager said it aims to offer investors focused exposure to leading Korean companies alongside more stable bond income.

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Kang Dong-wookManager, Investment Management Division 1, Samsung Active Asset Management
We will do our best to provide individual and pension investors with steady excess returns by concentrating investment in core stocks among the market-cap leaders driving the Korean market and combining them with stable domestic short-term bonds.
via Yonhap