April 25, 2024

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[THE INVESTOR] The rate of return for equity funds of Samsung Group firms reached 30.99 percent this year amid the bullish market, industry data showed on July 16.

The yields on Samsung Group funds reached 30.99 percent so far this year, according to the statistics provided by industry tracker FnGuide. The figure compares to 20.40 percent for the average return on all local funds with net assets of at least 1 billion won (US$893,096).

The comparable figure for the stock funds of other large business groups was 21.75 percent.

The latest findings showed the return of funds specializing in IT firms came to 31.36 percent with the IT funds‘ accumulated yields for the past five years approaching 80 percent.

Index funds tracking the cap-weighted indices returned 22.45 percent.

By Alex Lee and newswires (alexlee@heraldcorp.com)