Money Today Reporter Hong Soon-bin | 2024.02.10 06:30
With the announcement of the government’s corporate value up program, the profits from high dividend value stock funds that incorporated a large number of holding companies increased. As the government takes steps to improve corporate governance, attention is also focused on funds that will benefit from the ‘Korea Discount’ decision.
According to Fund Square on the 8th, many funds that included high dividend holding companies were among the top domestic stock fund gains over the past month. First place in return was ‘C Asset Plus Alpha Robo Korea CS Income Performance Compensation (Asset Plus Alpha Robo Fund)’, which achieved a performance of 10.59%.
The Alpha Robo Asset Plus Fund focuses on investing in undervalued companies based on AI (artificial intelligence) based algorithms. Samsung SDS (9.22%), LG (9.02%), Kolon (6.88%), Dong-A Socio Holdings (6.37%), Hyundai Motor Company (6.04%), Doosan (4.29%), Samsung Life Insurance (4.07%) , NH Investment Securities (3.88%) had the highest proportion of incorporation respectively. Most of them are undervalued holding company stocks, financials and cars. The one year cumulative return is also 19.23%.
In addition to the Asset Plus Alpha Robo Fund, other funds also incorporate a high proportion of attention-grabbing stocks with low PBR. Shinyoung Marathon Holding Company C is a fund managed by Shinyoung Asset Management, a famous value stock company, and invests heavily in value stocks. Among them, the proportion of holding companies is quite high. These include HD Hyundai (4.27%), Samsung C&T (4.17%), Samsung Electronics (3.99%), HL Holdings (3.53%), SK (2.91%), and LG (2.83%).
This fund focuses on increasing the share of companies that expand their sales capabilities, actually increase sales, and further increase corporate value through shareholder returns. It is also a representative fund that embodies the management philosophy of Heo Nam-kwon, CEO of Shinyoung Asset Management, a first-generation value investor.
CEO Heo said, “If you approach it from the perspective of diversifying investments in companies with cheap and undervalued stocks, it is difficult to suffer long-term losses,” and added, “Even if there are concerns that the overall growth rate Korea stagnates. , high quality companies will continue to grow.”
/Photo = Designer Lim Jong-cheol CA Hanwha Dividend Growth Index (10.55%), which invests in top-rated companies that pay high dividends, HDC net dividend C-C5 (8.94%), high dividend Value Shinyoung C (6.43%), Shinhan Tops long-term home buying CC (5.97%) also recorded high gains.
In addition, so-called ‘activist funds’ which invested in stocks expected to increase shareholder value through better corporate governance also showed good returns. Truston ESG Level Up Governance Fund is a fund launched in 2021 by Truston Asset Management, which practices shareholder activism, and the rate of return for the last month was 9.51%. Its characteristic is that it invests in companies where improvements in corporate governance can be reflected in financial indicators, and moves to improve shareholder value when efforts to improve are insufficient.
Domestic stocks incorporated include BYC (10.11%), LF (8.95%), Taekwang Industrial (8.74%), Dongwha Pharmaceutical (7.83%), Korea Alcohol (6.8%), CJ (6.41%), and Kiwoom Securities ( 6.21%). ), Korea Zinc (5.04%), and Samsung Card (4.74%). Among these, many companies that Truston Asset Management took over were included.
Lee Tae-ha, manager of Truston Asset Management, said, “Given the increase in investor activism and the development of the stock market, the trend of resolving Korea discounts will continue to strengthen and serve as a catalyst for a rise in valuation.” He added, “The only stocks that participate in direct shareholder activities are Instead, we intend to increase the proportion of stocks that are expected to improve governance and shareholder return policies through efforts inside and outside the stock market ,” he said.
[저작권자 @머니투데이, 무단전재 및 재배포 금지]
#investment #asset #managers #swept #PBRs #fund #returns #amazing
