"We are fully committed to delivering sound
performance over the long term in return for your trust
Dear fellow investors,
In 2006, Korea Investment Value Asset Management (KIVAM) was incorporated as Korea’s first asset management company that specializes in value investing. At that time, most Korean investors were not familiar with the concept of value investing. Back then, a conventional saying like, “Investing in funds is all about finding the right time”, was taken as sensible advice by a majority of investors in Korea.
Indeed, many investors believed that one year would make a sufficiently long time horizon for investing in such a volatile market as Korea. Defying the prevailing belief, we launched the Korea Value 10-Year Investment Equity Fund—not a one-year, but a ten-year equity fund. As its name suggests, the Fund symbolizes our long-term commitment to putting the principle of value investing into action and rewarding our investors’ patience and perseverance with sound returns over a ten-year period.
Backed by our differentiated competence in company analysis, asset management, and value investing that has been built over the past decade, KIVAM has transformed into Korea’s leading value investing firm that is worthy of its name. Now, investors view the Korea Value 10-Year Investment Equity Fund as an embodiment of our investment philosophy.
Taking pride in what we have achieved and renewing our determination to continuously deliver sound returns to you, let me reiterate, for and on behalf of KIVAM, that:
We serve as a steward of value investing
Over the past years, we have worked hard to give you a better understanding about investing in funds, and to take the Korean capital markets to a new level. In 2007, KIVAM became the first player amongst domestic asset management firms to publish Buffet-style asset management reports. In 2009, modeling on the Berkshire Hathaway Annual Shareholders Meeting, we invited investors to a meeting to discuss the results of our fund management. In 2010, we held an exhibition on the history of domestic funds.
We appreciate your long-time partnership
Without your support, trust, and patience, we could not have achieved what we have achieved. Deeply grateful for your unwavering trust in us that have lasted for a decade, we reiterate our commitment to offering the best value equity fund ever—as we promised to you at our gathering in 2016—so that your trust and patience will be sincerely reciprocated.
We strive to become the most trustworthy asset manager
Any asset manager can generate high returns from time to time. However, few asset managers have the ability to record stable and steady returns over the long run, while strictly upholding their investing principle. KIVAM is one of the few asset managers. We have long held onto our value investing principle, and remain strongly committed to acting on it. We will make our utmost effort to evolve into a truly reliable asset manager, so that you can trust and take pride in us, and willingly entrust your funds to us over the long haul.
Sincerely, >Song, Sang Yup Chief Executive Officer Korea Investment Value Asset Management