The introduction of new public offering funds when setting performance fee, apply self-funding

[Korea goyounghun financial newspaper reporter] Finance Authority plans to apply the guidance set at the initial public offering fund performance fees for asset management companies or to invest his own funds.

Financial Supervisory Service announced the "Measures to improve market order for funds to establish" such a plan containing two days.

The industry has invested significantly reduce the small-scale funds to dalhadeon 815 June 30, 2015, the end of '12 2016 126 pieces. FSS has strengthened the institutional and managerial support to ensure a smooth and organized a small fund, Parallel and administrative maps. Until now it has integrated 174 small fund similar to the funds.

FSS has been pursuing a public offering fund larger strengthen the operational responsibility for the operation and management capabilities focusing on fund managers. In this amendment shall apply during the new fund set up self-funding and performance fees for asset management in order to strengthen the operational responsibility.

Since July last year, has one bar divided into six stages of severity, from the previous Step 5, and to select a rating based on the volatility (the last 3 years annualized standard deviation of weekly returns) restructuring fund risk rating system. In addition to 75 full-time professional private management companies and securities companies had entered five newly Management Business.

We will continue to be improving the availability of funds, risk rating, it is only a complement to ongoing major push to revamp the plan.

It was related to the maintenance system to stop the service - one can move companies to fund one visit that was introduced in February last year. As a simplified procedure for moving the company last year, fund sales conversion rate has increased by 5.7% yoy.

In addition to strengthening compliance with asset allocation, including pre-checked and unsound business practices, disclosure of investor funds were also centered maintenance. Plan to reorganize the way funds information available to investors using asset management and sales company mainly convenience and usability are also at the center of the review.

FSS ryugukhyeon Asset Management Bureau explained that, "We will check the adequacy of the system and maintenance fees for the IPO fund raising confidence and induce competition among sellers and asset management."



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