Allianz Investment Management has launched a February series of U.S. Large Cap Buffered ETFs, which includes the AllianzIM U.S. Large Cap Buffer10 Feb ETF (NYSE Arca: FEBT) and the AllianzIM U.S. Large Cap Buffer20 Feb ETF (NYSE Arca: FEBW). These ETFs provide downside buffers of 10% and 20% against market declines while allowing for participation in the upside potential of the SPDR S&P 500 ETF Trust. The series is designed for investors seeking risk mitigation amidst market volatility, with a 12-month Outcome Period from February 1, 2023, to January 31, 2024. The expense ratio is 0.74%, and AllianzIM's assets under management amount to $17.5 billion.
The Korea Fund, Inc. (NYSE:KF) announced distributions totaling $3.31888 per share, including a net investment income dividend of $0.05251, a long-term capital gain of $3.01914, and a short-term capital gain of $0.24723. Distributions are payable on January 9, 2023, for shareholders on record as of December 27, 2022, with an ex-dividend date of December 23, 2022. The characterization of these distributions for tax purposes is subject to change and will be reported via Form 1099-DIV in January 2023.
The Korea Fund, Inc. (NYSE:KF) announced an update session on November 29, 2022, at 9:00 a.m. EST led by Portfolio Manager John Cho. The session aims to discuss the Fund's positioning, attribution, and outlook while allowing participants to ask live questions. The Korea Fund is focused on long-term capital appreciation through investments in Korean equity securities. However, investors should note risks associated with international investments, including currency fluctuations and market volatility. Further details on the Fund's performance can be found on their official website.
The Korea Fund, Inc. (NYSE:KF) announced a total distribution of $9.11001 per share, effective January 10, 2022. This includes a net investment income dividend of $2.04528, a long-term capital gain distribution of $3.37030, and a short-term capital gain distribution of $3.69443. Shareholders on record as of December 27, 2021, will receive this payout. Tax characterization of the distributions may change, possibly leading to a return of capital if total distributions exceed net investment income and realized gains at fiscal year-end.
The Korea Fund, Inc. (NYSE:KF) announced the resumption of its Discount Management Program, which was halted on December 24, 2020, due to management transition to JPMorgan Asset Management. The Board believes this decision is in the best interest of the Fund and its shareholders. The Program will adhere to procedures established by the Board, and stock repurchases will be executed by Wells Fargo Advisors Financial Network. The Fund, a closed-end investment company, seeks long-term capital appreciation primarily through Korean equity securities.
The 2021 Retirement Risk Readiness Study by Allianz Life reveals that a majority of BIPOC (Black, Indigenous, and People of Color) respondents express significant concerns about retirement savings. Key findings indicate that 62% of Asian/Asian American, 56% of Hispanic, and 52% of Black respondents fear insufficient retirement funds. Additionally, higher percentages of Hispanic (67%) and Asian (74%) groups feel the rising cost of living will hinder retirement enjoyment. The study highlights barriers to financial professional assistance among BIPOC communities, which differ by ethnicity.