Investing 100 million won including 5 ‘New Deal Fund’ and 1 ‘Pilseung Korea Fund’ lost 17.22%
President Moon Jae-in speaks about the importance of white papers at a luncheon invited by the National Affairs Committee to commemorate the publication of the white paper held at the main building of the Blue House on the 4th. yunhap news
It has been found that the ‘New Deal Fund’, which President Moon Jae-in joined early last year, has yielded negative returns one after another during the downtrend.
According to the financial investment industry on the 8th, President Moon Jae-in invested 10 million won in five ‘New Deal funds’ in consideration of the digital sector, green sector, and small and medium-sized enterprises in order to encourage the ‘Korean version of the New Deal’ policy on January 15 last year. .
President Moon has invested 50 million won in each of the five ‘New Deal Funds’ and 50 million won in the ‘Pilseung Korea Fund’, and the current total valuation of these funds is estimated at 87.57 million won.
Based on the total investment of 100 million won, the rate of return is -12.43%, and the arithmetic average of the returns of the six funds subscribed is -17.22%.
As the KOSPI and KOSDAQ fell 16.05% and 9.80%, respectively, during the same period, funds investing in domestic stocks also suffered losses.
The ‘New Deal Fund’ to which President Moon joined is ‘TIGER BBIG K-New Deal ETF’, ‘HANARO Fn K-New Deal Digital Plus ETF’, ‘Samsung New Deal Korea Fund’, ‘KB Korea New Deal Fund’, ‘Beautiful SRI Green New Deal 1′ fund’, etc.
Fund returns were generally ‘plus’ until last summer, when the KOSPI and KOSDAQ continued their upward trend. However, losses increased as the stock market began to go downhill in the second half of the year.
President Moon signed up for the ‘Pilseung Korea Fund’, which mainly invests in domestic small managers (materials, parts and equipment) companies in August 2019 to overcome Japan’s export restrictions. The ‘Pilseung Korea Fund’ received great attention as President Moon visited the sales company and joined, and the government and ruling party members joined one after another.
