100 billion won in the monthly interest-paying still-bond fund sold by Samsung Securities was sold out in two weeks. Samsung Securities headquarters in Seocho-gu, Seoul. (provided by Samsung Securities)
Monthly payment-type financial products that can receive interest every month, centered on the wealthy, are gaining popularity. It is said that the demand for related products is high among wealthy people who need cash flow following retirement.
According to Samsung Securities, 100 billion won was sold out in 2 weeks following the monthly interest payment (credit-specialized financial company bonds) with maturities of 1 to 3 years, which began to be sold on August 1, was sold out. Receivables are bonds issued by companies engaged in specialized credit finance business, such as credit card business, leasing (facility rental), installment finance business, and new technology business finance business. The female bonds sold by Samsung Securities this time are senior bonds with high stability with a credit rating of AA, issued by Hyundai Card and Hyundai Capital. The yield is 3.7-4.4% per annum before tax. If you invest 100 million won, you get regarding 300,000 won a month following tax. Most bonds sold in Korea are products that receive interest once every six months. The female bonds sold by Samsung Securities were popular in that they had relatively short maturities of less than three years and received interest every month. 90% of the customers who signed up for this bond were individual investors, and 55% of them were in their 60s or older.
Monthly payment funds are also slowly appearing in the domestic stock market. A monthly payment fund is a fund that pays a fixed monthly dividend. In general, investors focus on income assets such as high-dividend stocks, high-interest overseas bonds, real estate, and infrastructure, which can receive dividends or interest rather than capital gains. Last year, KTB Asset Management joined hands with Hana Bank to launch the ‘KTB Global Multi-Asset Income EMP Fund’ in the form of a monthly payment. EMP funds are popular as annuity investment products because they seek stable returns of around 10% per year while reducing volatility as much as possible by diversifying investments in global stock and bond-type exchange-traded funds (ETFs). Among overseas products, the ‘Global X SuperDividend ETF (SDIV)’ is a representative product that pays a monthly dividend. The monthly payment fund is so popular that it is called the national fund in Japan, where the aging population is steep, but it is still less well known in Korea. In the future, the financial investment industry observes that demand for stable cash flow in old age will increase in Korea as well due to the aging population.
[배준희 기자]
[ⓒ 매일경제 & mk.co.kr, 무단전재 및 재배포 금지]
