KB Financial Group (KRX:105560) subsidiary KB Asset Management introduced a new fund targeting US short-to-mid-term treasuries, allocating 30% to treasuries maturing in three to seven years and 70% to ETFs, Pulse News reported Monday.
The fund aims to generate stable income by exclusively investing in AA+-rated government bonds, steering clear of riskier credit-based securities. It is available in currency-hedged and currency-exposure options, the report said.
Shares of KB Financial Group fell nearly 1% in recent trade on Tuesday.
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