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Mirae Asset’s overseas bond fund grows popular

Aug. 30, 2016 - 18:01 By Korea Herald
The overseas bond fund managed by Korea’s leading Mirae Asset Financial Group is drawing attention amid the prolonged global economic slowdown, group officials said Tuesday.

Mirae Asset’s Global Dynamic Fund is an overseas bond fund that distributes investors’ money to gilt-edged securities from developed and developing countries. Through a globally spread research network, the product makes money from company stocks and mortgage backed securities to high yield bonds and mortgage funds, the company said. 

Mirae Asset officials who manage an overseas bond fund pose at their New York office. (Mirae Asset)

The fund has recorded high profitability since its launch in 2006. It has the lowest volatility among other overseas bond funds, proving the fund’s stability, company officials said.

They added that money holders are looking into the product closer than ever these days as Korea has encountered the lowest interest rate of 1.25 percent from August.

The product now aims to become an investment channel for the retired generation, with Japan as a benchmark. As Japan’s senior citizens look beyond the nation to seek lucrative investments, the firm officials said the product will promise to “maximize retirement savings through diversification.”

By Song Ji-won (jiwon.song@heraldcorp.com)