Original Article by Korean Newspaper ‘The Herald Business’, 28th Oct. 2022 http://mbiz.heraldcorp.com/view.php?ud=20221028000316

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Kiwoom Asset Management (CEO Kim Sung Hoon) has won “The Best Pension Fund Award" at the "2022 Herald Investment Awards" with its asset allocation fund designed to overcome inflation.

The company's flagship fund, “Kiwoom Boolio Global Multi-Asset EMP Fund”, seeks stable returns by utilizing a globally proven strategy for various assets such as global stocks, bonds, and alternative assets. It appropriately incorporates the All-Weather Strategy, Momentum Strategy, and Value Strategy used by overseas renowned asset managers into one fund.

Through this fund, Kiwoom Asset Management received recognition for utilizing diverse asset allocation strategies that go beyond the simple asset allocation of stocks and bonds, and cost-effectively executing those strategies to broaden the range of asset allocation investments. The company provided investors with an investment tool that can generate steady returns even in volatile markets.

Since its launch in December 2019, the fund has recorded a return of 0.03% for the hedged-type operation fund (net assets of approximately KRW 48 billion) and a return of 20.28% for the non-hedged-type operation fund (net assets of approximately KRW 380 billion) till the end of this September. In a market where the volatility of global stocks and bonds has simultaneously increased this year, the fund differentiated itself from other market asset allocation funds by investing in products and inflation-linked bonds to defend against inflation.

A Kiwoom Asset Management authority explained that the company enabled continuous investment by providing a stable asset allocation that can be applied in any market situation without breaking investors' confidence. They further added that by providing a long-term steady return asset allocation fund in the domestic fund market, the company contributed to promoting the idea that investment is not just for a particular individual but a necessary economic activity to overcome inflation and macroeconomic issues.