AK Jumong Fund is an open-ended Korean equity long and short fund domiciled in the Cayman Islands. The Fund's objective is to generate long-term capital appreciation on an absolute return basis with less volatility than the market, by taking long and short positions in Korean listed equities and related securities, with a clear long bias.

Korea Market Opportunity

Korea, a top performing market this year comprising 21.2% of MSCI Asia ex-Japan, is still trading at a moderate discount to the region and should continue to outperform. Korea has a balanced, growing economy with broad industrial and service economic base that is uniquely positioned to take full advantage of the growth in China and around the region.

The Structural evolution of the Korean economy and the financial system towards the free market model is on-going, with improving returns on capital, profitability, gearing and better corporate governance, which should continue to increase shareholder returns and valuations. Asset allocation of domestic capital is also evolving along the developed country model, and equities are becoming a major, sustainable asset class for both local institutional and individual investors which will improve supply and demand picture for equities.

As the effects of on-going risk pricing adjustment reverberates down through the real economy around the globe, Korea offers a relative defensive alternative to other, more affected markets. The change in political leadership at the end of last year is positive, and the economic policies of the new government will focus on rational market mechanisms and overall growth rather than socialist wealth distribution.

Please contact AK Partners Hong Kong for further information about the AK Jumong Fund.