Tongyang Securities’ ETF Wrap is drawing attention in the market for making stable profits.
The security firm’s My W ETF Research Solution No. 2 reached an 8 percent earnings rate on Aug. 8, only 56 days since it launched in May 21. My W ETF Research Solution No. 3, which kicked off on June 28, also reached its earnings rate goal on Aug. 9. Both are now stably run, transferred 100 percent to bond-type ETF.
A model holds a signboard promoting Tongyang Securities’ new product “My W ETF Research Solution.” (Tongyang Securities)
The ETF Wrap product is first run as a mixture of equity-type and bond-type ETFs best assorted by professionals, but is 100 percent transferred to bond-type ETFs when it reaches the aimed earnings rate (8 percent).
Professionals in Tongyang Securities’ research center and asset management team cooperate to decide on the movements of the market and find out the most appropriate asset allocations and equity-type and bond-type ETF ratios through index upside potentials and macro models.
The product is considered to be a smart choice for customers who find difficulty in keeping a consistent eye on the market, and wishes to entrust professionals on the task.
“It was an inspiring success that we reached the aimed earnings rate in such a short term considering how the market was fluctuating due to the variables in and out of Korea, although the KOSPI was on an upward trend,” said Cho Won-bok, head of Tongyang Securities’ customer asset management team.
The security firm said that it will continue releasing “My W ETF Research Solution” as it is settled down as a major investment tool using ETF.
By Park Min-young (
claire@heraldcorp.com)
