Hyundai launched an investment operation, the first domestic IPO fund-type ILS

[Korea goyounghun financial newspaper reporter Hyundai Investment Asset Management said on the 12th announced the release of the 'modern ILS Best Opportunity Securities Investment Trust No. 1, the first domestic IPO-type insurance-linked securities (ILS) funds. The fund will operate as a fund of funds that invests in promising approach ILS funds abroad.

ILS is a financial product that investment performance is determined by the frequency and scale of the insured event, such as a disaster. Due to the effect of participation in the insurance business generated by the investment performance of the ILS ILS investments it is basically drops the more elevated the greater the increase in premium income and claims payments.

It is insulating and financial variables and macroeconomic variables, higher Unlike existing financial instruments as much as that performance is linked to the spread of insurance premiums and regarded as a strength of the ILS.

ILS has emerged to overcome the extreme risk insurance at the time in 1992, many insurers Reinsurance Corp. mega natural disasters Hurricane Andrew missed the insolvent the (Hurricane Andrew) on the occasion. With the growth of the market in recent years show that in addition to natural disasters, terrorist, aviation, aging, infectious diseases, etc. tend to be the type of insurance events gradually expanded to target a variety of areas. ILS will mainly cover the insurance cases in developed countries such as USA, Europe, Australia, New Zealand and Japan.

Compared to private equity funds as "modern ILS Best Opportunity Securities Investment Trust No. 1 has conspired funds are operated to a high standard in terms of diversification and invested funds selected. Investment period the unit type for the redemption limit is 1 year and 9 months. Instead, it will start recruiting from next week through about 10 sales channels such securities.

Hyundai Investment Asset Management officials decided and "conspiracy-type ILS funds released to suggest some of the vendors on these issues," Bonnie Becomes ILS market formed by private equity center of hefty asset subject was a difficult access of small investors it pointed out " "he said.



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