The fund underperformed the market in March, with its underweighting of Samsung Electronics being the main reason for underperformance. Samsung's stock price rose significantly due to improved earnings forecasts, expanded shareholder return policies, and enhanced corporate governance. Meanwhile, the fund's top holding, Com2uS, rose in March and year-to-date due to increased confidence in its main steady-selling game. The fund manager believes Com2uS remains undervalued and its current earnings can be maintained in the future.
KB Star Funds - Presentation Material (201606)kbasset
Please note that marketing materials without an approval code granted from the
Compliance Division of KB Asset Management are not official materials authorized
under our internal procedure. This marketing material is for general information
purposes only and subject to change. Investors should be aware that this presentation
does not purport to be a complete explanation of risks and other risks may also be
relevant from time to time. In the future the Fund may be exposed to risks that are
currently difficult to predict. Risks that are not described in it are considered as
immaterial at the moment, but they may become substantial later on and adversely affect
the fund. KB Asset Management does not guarantee investment decisions and
investment outcomes based on the information of this marketing material.
Approval Code Granted from the Compliance Division of KB Asset Management: 2015_336
KB Star Funds - Presentation Material (201606)kbasset
Please note that marketing materials without an approval code granted from the
Compliance Division of KB Asset Management are not official materials authorized
under our internal procedure. This marketing material is for general information
purposes only and subject to change. Investors should be aware that this presentation
does not purport to be a complete explanation of risks and other risks may also be
relevant from time to time. In the future the Fund may be exposed to risks that are
currently difficult to predict. Risks that are not described in it are considered as
immaterial at the moment, but they may become substantial later on and adversely affect
the fund. KB Asset Management does not guarantee investment decisions and
investment outcomes based on the information of this marketing material.
Approval Code Granted from the Compliance Division of KB Asset Management: 2015_336
KB Value Focus Korea Equity Fund seeks an attractive long-term rate of return through investment principally in Korea equity securities.
The Fund invests in stocks that are undervalued relatively to intrinsic values and that are
expected to see a stable growth. It focuses on stock selection rather than indices or economic outlook. Portfolio composition and sector weights are results of stock selection.
SBI Magnum Balanced Fund: An Open-ended Balanced Scheme - Dec 16SBI Mutual Fund
SBI Magnum Balanced Fund invests in a mix of equity and debt investments. It provides a good investment opportunity to investors who do not wish to be completely exposed to equity markets, but are looking for relatively higher returns than those provided by debt funds. The scheme invests in a diversified portfolio of equities of high growth companies and balances the risk through investing the rest in a relatively safe portfolio of debt.To know more about this mutual fund check SBI Mutual Fund page
https://www.sbimf.com/Products/HybridSchemes/Magnum_Balanced_Fund.aspx
Mutual Funds does not always mean Up and Down, Risky and gives a feeling of "No, not for me".
Debt Mutual Funds can be a great Portfolio diversifier and
What are the fundamentals underlying the bull run in the equity markets and how do investors position their portfolio to reap returns and minimize downside risks? Find answers to what do investors expect from the future of the equity markets?
www.Quantumamc.com
KB Value Focus Korea Equity Fund seeks an attractive long-term rate of return through investment principally in Korea equity securities.
The Fund invests in stocks that are undervalued relatively to intrinsic values and that are
expected to see a stable growth. It focuses on stock selection rather than indices or economic outlook. Portfolio composition and sector weights are results of stock selection.
SBI Magnum Balanced Fund: An Open-ended Balanced Scheme - Dec 16SBI Mutual Fund
SBI Magnum Balanced Fund invests in a mix of equity and debt investments. It provides a good investment opportunity to investors who do not wish to be completely exposed to equity markets, but are looking for relatively higher returns than those provided by debt funds. The scheme invests in a diversified portfolio of equities of high growth companies and balances the risk through investing the rest in a relatively safe portfolio of debt.To know more about this mutual fund check SBI Mutual Fund page
https://www.sbimf.com/Products/HybridSchemes/Magnum_Balanced_Fund.aspx
Mutual Funds does not always mean Up and Down, Risky and gives a feeling of "No, not for me".
Debt Mutual Funds can be a great Portfolio diversifier and
What are the fundamentals underlying the bull run in the equity markets and how do investors position their portfolio to reap returns and minimize downside risks? Find answers to what do investors expect from the future of the equity markets?
www.Quantumamc.com
SBI Dynamic Bond Fund : Debt Mutual Fund - Apr 2016SBI Mutual Fund
SBI Dynamic Bond Fund is a fund investing in G-sec, corporate bond and money market instruments. This Dynamic Bond Fund Scheme is best suited for investors seeking investment in Debt, Money Market, Corporate Bonds, Government Securities etc. Find more details about this Debt Fund on https://www.sbimf.com/Products/DebtSchemes/SBI_Dynamic_Bond_Fund.aspx . You can even invest in Mutual Funds online on SBI Mutual Funds.
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
Unlock the potential of Latino Buying Power with this in-depth SlideShare presentation. Explore how the Latino consumer market is transforming the American economy, driven by their significant buying power, entrepreneurial contributions, and growing influence across various sectors.
**Key Sections Covered:**
1. **Economic Impact:** Understand the profound economic impact of Latino consumers on the U.S. economy. Discover how their increasing purchasing power is fueling growth in key industries and contributing to national economic prosperity.
2. **Buying Power:** Dive into detailed analyses of Latino buying power, including its growth trends, key drivers, and projections for the future. Learn how this influential group’s spending habits are shaping market dynamics and creating opportunities for businesses.
3. **Entrepreneurial Contributions:** Explore the entrepreneurial spirit within the Latino community. Examine how Latino-owned businesses are thriving and contributing to job creation, innovation, and economic diversification.
4. **Workforce Statistics:** Gain insights into the role of Latino workers in the American labor market. Review statistics on employment rates, occupational distribution, and the economic contributions of Latino professionals across various industries.
5. **Media Consumption:** Understand the media consumption habits of Latino audiences. Discover their preferences for digital platforms, television, radio, and social media. Learn how these consumption patterns are influencing advertising strategies and media content.
6. **Education:** Examine the educational achievements and challenges within the Latino community. Review statistics on enrollment, graduation rates, and fields of study. Understand the implications of education on economic mobility and workforce readiness.
7. **Home Ownership:** Explore trends in Latino home ownership. Understand the factors driving home buying decisions, the challenges faced by Latino homeowners, and the impact of home ownership on community stability and economic growth.
This SlideShare provides valuable insights for marketers, business owners, policymakers, and anyone interested in the economic influence of the Latino community. By understanding the various facets of Latino buying power, you can effectively engage with this dynamic and growing market segment.
Equip yourself with the knowledge to leverage Latino buying power, tap into their entrepreneurial spirit, and connect with their unique cultural and consumer preferences. Drive your business success by embracing the economic potential of Latino consumers.
**Keywords:** Latino buying power, economic impact, entrepreneurial contributions, workforce statistics, media consumption, education, home ownership, Latino market, Hispanic buying power, Latino purchasing power.
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Resume
• Real GDP growth slowed down due to problems with access to electricity caused by the destruction of manoeuvrable electricity generation by Russian drones and missiles.
• Exports and imports continued growing due to better logistics through the Ukrainian sea corridor and road. Polish farmers and drivers stopped blocking borders at the end of April.
• In April, both the Tax and Customs Services over-executed the revenue plan. Moreover, the NBU transferred twice the planned profit to the budget.
• The European side approved the Ukraine Plan, which the government adopted to determine indicators for the Ukraine Facility. That approval will allow Ukraine to receive a EUR 1.9 bn loan from the EU in May. At the same time, the EU provided Ukraine with a EUR 1.5 bn loan in April, as the government fulfilled five indicators under the Ukraine Plan.
• The USA has finally approved an aid package for Ukraine, which includes USD 7.8 bn of budget support; however, the conditions and timing of the assistance are still unknown.
• As in March, annual consumer inflation amounted to 3.2% yoy in April.
• At the April monetary policy meeting, the NBU again reduced the key policy rate from 14.5% to 13.5% per annum.
• Over the past four weeks, the hryvnia exchange rate has stabilized in the UAH 39-40 per USD range.
1. Monthly Fund Commentary
The Fund recorded a 2.23 % return for the month, underperforming the KOSPI by approximately 2.2%. Underweighting
Samsung Electronics was the main reason for the underperformance. It rose 74% since the beginning of 2016 and the market
cap has exceeded 300 tr. won. The reasons why the electronics giant has reached its highest ever were : (1) improved earnings
forecasts risen 52% since the beginning of 2016. (2) upgraded shareholder return policies including share buybacks and
dividends expansion, and (3) enhanced corporate governance, which can account for 20% of the price rise.
Meanwhile, Com2uS, the Top 1 holding rose 10% in March and 40% YTD due to the increased market's confidence in the long-
term success of its main steady-seller game. We believe it is still undervalued considering its net cash of KRW 600 bil., and the
current earnings can be maintained in the future.
After the financial crisis, South Korean economy has faced multiple challenges such as declining industrial competitiveness
except for IT, shrinking working age population and deepening structural low-growth trap.
Growth of the companies itself is important for investors but how to distribute the fruits of the growth is also important. Samsung
Electronics' 20% rise in corporate value was possible by creating shareholder value through distribution.
We will actively seek out companies that are highly capable of improving corporate governance and raising shareholder value
and increase their stock holdings.
-15
-10
-5
0
5
10
15
20
2016/06 2016/07 2016/08 2016/09 2016/09 2016/10 2016/11 2016/12 2016/12 2017/01 2017/02 2017/03
KB Value Focus KOSPI
KB Star Funds-KB Value Focus Korea Equity Fund
Share Class: X ACC USD (ISIN/BB ticker: LU1361298729/KBVKXAU LX)
Fund Summary
• The fund is managed with the identical investment strategy and the PM as Korea-domiciled KB
Value Focus Fund
• The fund replicates the Kor. KBVF for about 80%
• Investment Philosophy of the Fund
CF) Kor.-domiciled KBVF
1. The second best-selling
Korea Equity Fund
2. Has outperformed KOSPI
by 92.11% since
inception on Nov. 9th,
2009
3. Track record of 7.4 years
4. Recorded annualised
return of 12.21% since
inception (KOSPI 4.8%)
5. Identical manager since
inception
Fund Performance
1M 2M 3M 6M YTD
Since
Inception
Since
Aug. 10, 2016
Since
Feb. 2017
Fund 2.23 9.24 12.20 -2.01 12.20 0.17 -3.80 9.24
KOSPI 4.43 8.57 15.13 4.10 15.13 13.18 4.53 8.57
Diff. -2.20 0.67 -2.94 -6.12 -2.94 -13.01 -2.79 0.67
Equity accumulation was above 80% on Nov. 11th 2016 and intended management of the fund began on Jan. 2017
The fund had to hold the subscription monies only in cash until Aug. 2016 due to specific request from the investors.
The investment strategy aims to fully invest at all times, and equity weight is generally about 90%
The fund’s performance has rebounded after Feb. 2017
Focusing mainly on value stocks, emphasizing earing value as well
While maintaining a long-term perspective, engaging in active trading upon significant
price changes
Investing in stocks with upside potential rather than blindly following the benchmark
index
Focusing on stock selection, not on forecasting market outlook
Source: Morningstar, Data as at Mar. 31 2017(%)
Key Information | March 2017
Key Facts
INTERNAL USE ONLY
Source: Morningstar, Data as at Mar. 2017
2. -2
-1
0
1
2
3
4
5
6
7
8
Consumer
Discretionary
Cash Utilities Industrials Materials Consumer
Staples
Health Care Unclassified Energy Real Estate Financials Telecomm.
Services
IT
Fund
Benchmark
Fund Contribution by Sector
Weight (%)
KOSPI KOSDAQ Total
Large Cap 30.89 30.89
Middle Cap 36.53 10.62 47.16
Small Cap 12.31 9.64 21.95
Total 79.73 20.27 100.00
Fund Portfolio
Source: KB StarM, Data as at Feb. 28 2017
Stock Weight (%)
Com2uS Corp 7.05
Hansol Chemical Co Ltd 5.79
Fila Korea Ltd 4.38
Korea Electric Power Corp. 3.82
SK Telecom Co Ltd 3.62
Korea Zinc 3.61
Woongjin Thinkbig Co Ltd 2.73
Korea Real Estate Investment & Trust 2.49
YG-1 Co Ltd 2.27
Dongbu Hitek 2.01
GICS Sector Fund(%) Market (%) Diff. (%)
Materials 22.36 9.98 12.38
Consumer Discretionary 16.44 13.96 2.49
Industrials 16.17 13.93 2.25
Information Technology 12.22 29.42 -17.20
Cash 11.83 0.00 11.83
Financials 7.15 12.61 -5.46
Utilities 3.90 2.77 1.13
Telecommunication Services 3.69 2.47 1.22
Consumer Staples 3.69 9.03 -5.34
Real Estate 2.54 0.17 2.37
Energy 0.00 2.37 -2.37
Health Care 0.00 3.29 -3.29
Source: KB StarM, Data as at Feb. 28 2017
<Breakdown by Cap Size>
<Breakdown by Sector>
<Top 10 Holdings>
Source: Statpro, Data as at Feb. 28 2017
Fund Bottom-up Performance Attribution
<Attribution Decomposition> <Stock Picking Effect Decomposition>
Stock Exclusion Effect
Underweight Stock Effect
Overweight Stock Effect
Stock Addition Effect
(%)
(%)
Source: Statpro, Calculation Period: Aug 10, 2016 to March 31, 2017
(%)
Source: Statpro, Calculation Period: Aug 10, 2016 to March 31, 2017
INTERNAL USE ONLY
Key Information | February 2017
KB Star Funds-KB Value Focus Korea Equity Fund
Share Class: X ACC USD (ISIN/BB ticker: LU1361298729/KBVKXAU LX)
-7.95
1.29
-6.66
-10 -8 -6 -4 -2 0 2
Stock Allocation Effect
Stock Timing and Trading Effect
Stock Picking Effect
-1.14
-5.36
-2.95
2.78
-6 -4 -2 0 2 4
3. Important Information
※ Prior to investing in the Fund, an investor should read and understand the prospectus in full. The past performance of
the collective investment scheme does not guarantee a return on investment for the future. Changes in the rates of
exchange between currencies may cause the value of investment to fluctuate or result in loss of principal. There is a risk
of loss of the invested principal in the collective investment scheme depending upon the result of its management and that
such loss shall be imputed to investors. The portfolio information is shown for illustrative purposes only. The inclusion of
the securities mentioned above is not to be interpreted as solicitations or recommendations to buy or sell. It is subject to
be changed without notice.
Fund Bottom-up Performance Attribution
Source: Statpro, Calculation Period: Aug 10, 2016 to Feb 28, 2017
All contributions calculated based on holdings basis
INTERNAL USE ONLY
Key Information | February 2017
KB Star Funds-KB Value Focus Korea Equity Fund
Share Class: X ACC USD (ISIN/BB ticker: LU1361298729/KBVKXAU LX)