Korea Investment & Securities (KIS), a subsidiary of Korea Investment Holdings, has received a series of visits by CEOs of global asset management giants.
On March 4, KIS announced that Gregory Bond, CEO of Man Group, and Onur Erzan, CEO of Alliance Bernstein, visited Korea on Feb. 27 to observe the current state of the Korean financial investment market and meet Kim Sung-hwan, president of KIS, to discuss the strategic direction of global financial products this year.
KIS has partnered with asset management companies to proactively offer public offering funds for monthly payment, such as the Korea Investment MAN Dynamic Income Fund and AB Global High Yield Fund.
Monthly payment funds are financial products that provide stable dividend income every month, making it easy to respond to market volatility. They also have the advantage of being able to diversify annual financial income taxation when investors invest in them for a long period of time.
As of the end of 2024, global monthly payment funds sold through KIS amounted to approximately 1.6 trillion on, up significantly from 35.5 billion won at the beginning of the year.
In particular, the Korea Investment MAN Dynamic Income Fund was recently relaunched in a foreign currency monthly payment structure after attracting more than 200 billion won in about three months after its launch in November of 2024.
KIS has also partnered with a number of global financial firms to provide specialized products and services for Korean investors.
Since 2023, it has partnered with Carlyle, the No. 1 CLO manager in North America, to offer CLO funds five times.
In addition, last year the company launched the ‘Sleepless in USA’ Service in partnership with Stifel Financial, a U.S. financial company, to provide analyst reports from American analysts on the same day of publication.
It is the only service in Korea that selects highly informative local stock reports and provides them to Korean investors twice a day.
Launch of Issued Note Accumulation Service
KIS announced on March 7 that it has launched the Issued Note Accumulation Service through Toss Bank App.
The service is provided through a partnership between KIS and Toss Bank. It allows users to easily invest in issued notes without installing a separate app.
Customers can set dates and amounts they want and have money automatically transferred to their bank accounts every month, making it easier to invest in issued notes.
The First Issued Note Accumulation Product offered through this service has a yield of 4.55 percent (pre-tax, as of March 5, 25) per annum upon maturity and allows customers to invest a minimum of 100,000 won and a maximum of 10 million won in an accumulative way.
Following the launch of the weekly and monthly ETF pooling service for pension savings accounts with Toss Bank in 2024, KIS is expanding investment service portfolios by launching an automatic pooling service for commercial papers.
The common advantage of the pooling service is that customers can start investing with a small amount of money and can easily plan their investment according to their preferences.
Promotion for Domestic and Overseas Futures Option Trade
KIS announced on March 6 that it will hold a promotion for trading for domestic and overseas futures options for customers of its online-only trading service “BanKIS.”
The promotion will run for a total of eight weeks until April 25 for customers who have domestic or foreign futures options accounts.
The first 1000 customers who sign up for the promotion and sign one contract or more will receive Starbucks coffee coupons.
In addition, Starbucks coffee coupons will be given to ten customers who trade one million worth of domestic futures options and 10 customers who trade at least one contract in overseas futures options every week.
Among those who meet certain amounts in domestic and overseas future option trade, ten customers will be selected to receive 100,000 won in cash through a lottery system.
Domestic and international futures options accounts of BanKIS can be opened non-face-to-face through KIS’ mobile application.
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