Investment Objective:The Fund seeks long term growth of capital through investments in Korean equities.
Investment Process:The Fund uses a bottom-up strategy based on proprietary evaluation methods developed over more than a decade. The focus is on companies with the potential to grow earnings at a higher rate than overall Korean market averages.
Trading Discipline:Buy orders for target companies aim for oversold conditions. Sell orders are typically placed when companies have reached intrinsic value for next year’s earnings.
Hedging Capability:The fund has the capacity to short the Korean currency, Korean indices, and individual stocks. However, management has maintained a long bias since 2003, normally raising cash levels to 15% or higher during sustained market corrections.
