Input 2021.01.13 16:46 | Revision 2021.01.13 17:04
Investing 5’Korean New Deal Funds’ with a little money added to the proceeds
The proportion of Samsung Electronics decreases and small and midsize companies emerge
Including’The John Biz On’ who visited President Wen’s site
President Moon Jae-in decided to invest in the second fund in his life as the’Korean version of the New Deal Fund’. President Moon made his first fund investment in his life in August 2019 in the’Pilseung Korea Fund’, a’small manager (materials, parts, equipment)’ fund, and succeeded with a return of over 90% in one year and five months. Pilseung Korea Fund invests more than 25% of its assets in Samsung Electronics. President Moon’s second investment targets, the five funds, are characterized by a small proportion of Samsung Electronics holdings and evenly investing in small and medium-sized companies.
On August 26, 2019, President Moon visited the sales department of NH Nonghyup Bank’s headquarters in Jung-gu, Seoul to join the fund. When Japan enforced export restrictions to Korea a month ago, it was to join the’Pilseung Korea Fund,’ which NH Amundy Asset Management had created to support domestic sub-manager companies. At the time, when a bank employee asked,’Do you have any experience in investing in stocks or funds,’ President Moon replied, “There is nothing.”
President Moon earned a profit of 40 million won in one year and five months from this fund. When the stock market froze in March due to the corona pandemic (a global pandemic), it recorded negative returns, but since the stock market recovered and the KOSPI index exceeded 3000, it recorded a return rate of over 90%.
According to NH Amundi Asset Management, as of December 11, last year, the Pilseung Korea Fund was Samsung Electronics (26.09%), SK Hynix (4.16%), Samsung SDI (4.05%), Samsung Electro-Mechanics (2.64%), and Hyundai Motors (2.23%). ), etc. Samsung Electronics, which traded in the range of 50,000 to 60,000 won, started to skyrocket from December of last year, and surpassed 90,000 won based on the closing price on the 11th to 12th. Along with the rise in Samsung Electronics’ share price, President Moon was able to make a huge profit.
President Moon applied for a redemption of the proceeds from the Pilseung Korea Fund the previous day (12th), and the deposit will be made on the 15th. President Moon plans to invest a total of 50 million won (10 million won each) into five funds related to the Korean New Deal on the 15th, and the little shortage will be covered by new investments.
The five funds selected by President Moon are equity-type funds such as Samsung Active Asset Management’s’Samsung New Deal Korea Fund’, KB Asset Management’s’KB Korea New Deal Fund’, and Shinhan BNP Paribas Asset Management’s’Shinhan BNPP Beautiful SRI Green New Deal Fund’. Three and two ETFs, including Mirae Asset Management’s’TIGER KRX BBIG K-New Deal ETF’ and NH Amundi Asset Management’s’HANARO Fn K-New Deal Digital Plus ETF’. President Moon signed up for three equity-type funds through Korea Force Securities, an online public supermarket market. A brokerage company that will open a consignment account to join the ETF has not been decided yet.
Blue House spokesman Kang Min-seok explained that “Moon Jae-in Fund No. 2 to 6,” which President Moon will join, was “selected in consideration of investment in the digital and green sectors and small and medium-sized companies.”
The’KB Korea New Deal Fund’ was set up last October. The Blue House said, “We are investing 18.1% in small and medium-sized companies. We are investing in promising industries and corporate stocks that are expected to benefit from the digital economy and green society.” KB Asset Management explained that “we mainly invest in domestic stocks with high potential for future growth through policy support and structural changes in the economy and society.” As of November 2, last year, major stocks held are Samsung Electronics (7.62%), Kakao (7.40%), LG Chem (6.95%), Naver (5.16%), and Hanwha Solutions (4.28%). The last three months’ return is 28.85%.
The’Shinhan BNPP Beautiful SRI Green New Deal Fund’ was established in January 2019. The Blue House explained, “We are investing in stocks of companies that fulfill our environmental, social and economic responsibilities (SRI). We are also investing 10.4% in small and medium-sized companies.” As indicated by the word’SRI’, it is a fund that analyzes and invests in eco-friendly management and social responsibility in addition to corporate financial factors. The main stocks held are Samsung Electronics (21.16%), Hyundai Mobis (4.24%), SK Hynix (3.47%), LG Chem (3.24%), and Hyundai Motor Company (3.17%) as of November 2nd last year. The yield for the last three months is 33.11%.
The price of the’TIGER KRX BBIG K-New Deal ETF’ is calculated in conjunction with the’KRX BBIG K-New Deal Index’ announced by the Korea Exchange. This product focuses on investing in’BBIG (battery, bio, internet, game)’ companies. As of the 13th, SK Innovation (12.49%), Samsung SDI (11.01%), game company Pearl Abyss (10.00%) ), Celltrion (8.84%), and LG Chem (8.80%). It is noticeable that Celltrion, which develops corona antibody treatments, is included. Duzon Bizon (7.77%), a data and AI (artificial intelligence) specialist, that President Moon visited on the Korean version of the New Deal site schedule is also included in the fund.
‘HANARO Fn K-New Deal Digital Plus ETF’ is an ETF made from the’FnGuide K-New Deal Digital Plus Index’ as a base index. The Korean version of the New Deal policy mainly invests in’BBIG’ stocks that have been designated as future growth-driven industries. Major constituents are Samsung SDI (11.59%), Kakao (10.78%), LG Chem (10.26%), Celltrion (9.50%), and NCsoft (9.40%).