Hanyang Securities Launches Target Return Conversion Fund... Shifts to Bond Type Upon Achieving 6% Return
Hanyang Securities announced on July 20 that it will begin selling the “BNK High Dividend Shareholder Value Target Conversion Securities Investment Trust No.2 (Bond Mixed Type),” a target return conversion fund.
A target return conversion fund is a product that changes its investment strategy once a pre-set target return is achieved. It is designed to lessen the investor’s burden of having to decide exactly when to realize profits, and to allow for continued performance management even after the target return is reached.
This fund, upon initial creation, is a bond-mixed type product that invests 50% or more of its total assets in domestic bonds and no more than 30% in domestic stocks. When the 6% target return is reached, the fund transitions to a bond type, after which it sells all stock-related assets and manages the portfolio primarily with domestic bonds to pursue stable interest income. The fund is comprised of investments in high-dividend stocks, companies expected to enhance shareholder value, government and public bonds, and high-quality bonds.
Hanyang Securities will accept subscriptions for this fund until July 29. Applications and consultations are available at four branches: Yeouido, Songpa, Ansan, and Incheon. Through the MTS (Mobile Trading System), subscriptions can be made only on the setup date, July 30.
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Hanyang Securities continues to introduce target return conversion funds, expanding its product lineup in this category. A representative from Hanyang Securities stated, “A target return conversion fund is a product that shifts to a bond type after achieving the pre-set target return, thus enabling comprehensive performance management even after reaching the target,” adding, “We have been carefully selecting target return conversion funds by considering both market conditions and product structure, and previously offered products have consistently achieved their target returns.”
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