Samsung Asset Management, the domestic market promotion funds conspired type the first performance fee

[Korea goyounghun financial newspaper reporter] will launch a public offering funds with performance fees Type Samsung Asset Management is the first time in Korea.

Samsung Asset Management two days, according to the financial investment industry, plans to release the Samsung Global Rotation ETF 'funds (tentative name), and the Samsung European value Dividend' funds (provisional) as soon as the maintenance-related legislation.

Financial Services Commission is now embarking on such a capital market information is contained revised Enforcement Decree of the State. This amendment is expected to be received two months Legislation Review and fear.

The funds are expected to be priced at the base management fee rate 0.2 ~ 0.4% low compared to other products. If you want to put on fund management marketing rather than the exchange-traded fund (ETF) it is directly increased the management fee. Given that the management fee of 0.6% of general equity funds this product can know for sure rangeol affordable level. If you exceed the target return yen because it can be a separate performance fee the fund manager responsible for operational aspects puncher it can be enhanced.

Such measures consumer complaints that even negative returns of the fund that do not swarm the same charge line is considered the financial authorities are also actively pursued amendments to enable public offering funds with measures becoming popular poems. FSS is also consult the detailed criteria to be carried out as a performance fee related laws revised.

Such performance fees are already operational funds of hedge funds etc. are widely applied. Therefore, it is possible to pool the intention to advance the competitiveness of the public offering funds through it. The situation is still not listed as future schedules may vary, and accurate amendment is expected to result in differences in fees because of the different incentive system for each company.

The industry is out mixed voices concerns while having expectations about the performance fee conspiracy-type funds as yet before enforcement. If you can not nd a satisfactory rate of return because it can cause side effects that may fall in popularity of conspiracy fund.

The amendment said it would review the performance fee is also Mirae Asset Type IPO fund launched in coming.



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