Tuesday, March 7, 2017

KB Kookmin Bank, rate of return fees change depending Trust launched



[Korea sinyuncheol financial newspaper reporter] KB Kookmin Bank (Bank yunjonggyu) in the last six days, today introduced the ETF trust products that customers pay the fee varies according to customer returns.

In the case of low yield investment product fees dwaetjiman be applied uniformly, trust products is a new concept to offer differentiated asset management services to apply the new fee structure in accordance with the yield priority to customer returns. In addition, customer-centric operating fees for investment products is expected to be a fresh attempt at banks.

This new product is an ETF that invests in gobaedangju trust products, sale period is open until March 10. If the fee structure is within the actual return on investment period of time (six months) to reach the target return (3%) established in advance and applied the normal fee, commission fails to reach the form of cuts in half.

On the other hand, it has the advantage that customers return the case to reach the target return set on an automatic redemption prior to intraday real-time enabling customers to achieve the investment goals without having to worry about the short timing.

KB Kookmin Bank official said, "was to launch this product in the spirit of enhancing the customer returns after deducting in conjunction customer investment performance and the bank receives commission level to reduce customers' burden fees", "Customer for the future this product It will consider additional sales when demand increases, "he said.

ETF is a financial investment products in the spotlight recently as an investment vehicle for wealth management in the stock market (Exchange) (Traded) which is listed on the trading index funds (Fund). KB Kookmin Bank has been operating the Trust ETF from ETF market introduction of early 2006, based on the experience and know-how accumulated during that holds an overwhelming AUM and join my banking customers



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