Management Philosophy
- Standard Practice Investment
- Find and invest in superior and undervalued companies to pursue excess returns
- Orient a management organization to achieve this
- Bottom-up approach for analyzing events
- Strive to create success through the portfolio composition
Management Style
- Growth & Income
- Korea¡¯s level of contribution to growing businesses is high, so growth companies lead the market
- Investments focused on high-growth potential
- Enhance stability with concurrent Income Style stocks, including dividends
- Focus on finding companies capable of sustainable growth through thorough research
Investment Decision-Making
Steps & Roles
- UNIVERSE
- Establish
investment
strategy - MODEL
PORTFOLIO - ACTUALl
PORTFOLIO
- Universe
- Select quantitative criteria (financial requirements) as normal criteria (such as investment risk assessment)
- Include various areas such as ¨ç growth stocks, ¨è dividends, and ¨é value stocks to enable style-based investment
- Approval from the General Manager of Stock Management and confirmed by the Asset Management Committee for strict management
- Establish investment
strategy - Establish monthly market forecasts, industry classifications, and subdivision investment strategy
- Propose and report to the Asset Management Committee
- Establish strategy for sector allocation and portfolio through weekly and daily stock management headquarters meetings
- Model Portfolio
- Build an MP for each style, including growth and dividends
- Common stock type manages MP replication
- Actual Portfolio
- Partial ratio discretionary management according to the characteristics of each customer and fund
- MP structure suggests the inclusion (exclusion) of sector analysts and investment weight