KB Asset Management's 'KB Star Gold Special Assets Fund' Gains Attention as Investment Option for Retirement Pensions

As market volatility has increased in recent times, interest in diversified investments using gold has grown. In this context, the 'KB Star Gold Special Assets Fund,' which allows investment in gold through retirement pension accounts, has been drawing attention. This fund has changed its investment structure to utilize gold exchange-traded funds (ETFs) and has also lowered its management fees.

On September 15, KB Asset Management announced that the KB Star Gold Special Assets Fund has become available for investment through retirement pension accounts, thanks to its ETF-centric structure and reduced management fees, making it a vehicle for diversified investment among pension investors.

The KB Star Gold Special Assets Fund, which allows investment in gold without the need to directly buy or store physical gold, was established in 2008. It has operated for 18 years, weathering major market fluctuations such as the global financial crisis, the European debt crisis, and the COVID-19 pandemic, making it a long-running fund.

In July, KB Asset Management changed the fund's previous investment structure—which focused on gold-related derivatives—to a model utilizing domestic and overseas gold ETFs, while also lowering the derivative risk assessment to below 40%. This improved product structure enables investment through retirement pension accounts.

Additionally, the fee structure was overhauled, cutting management fees by about 40% compared to previous levels and enhancing operational efficiency by incorporating low-cost gold ETFs. The benchmark index was also changed to the 'LBMA Gold PM Price,' a representative indicator of the international spot price of gold, to better track global gold prices. Redemption payments are made within four business days.

Currently, the KB Star Gold Special Assets Fund can be traded through retirement pension accounts at Kookmin Bank and Shinhan Investment Corp., with plans to expand sales channels in the future. For standard accounts, investors can subscribe through Kookmin Bank, KB Securities, Samsung Securities, Hana Bank, Standard Chartered Bank, Shinhan Bank, and a total of 29 domestic distributors.

Beom Gwangjin, Head of Pension WM Division at KB Asset Management, stated, "For retirement pensions, it is important to diversify investments across various assets from a long-term perspective. As gold can add diversification to traditional asset allocation centered on stocks and bonds, we will continue to introduce a variety of pension products that reflect diverse investment demands, thereby broadening investors' choices."

This content was produced with the assistance of AI translation services.