KakaoBank's target-switching fund series has consecutively achieved its target return in a short period of time.

A target-switching fund automatically shifts managed assets into safer assets once a preset target return is reached, locking in gains and minimising risks from market volatility.

After the first fund, "Sharing the target return with policy beneficiaries", achieved its 6 percent target return 45 days after its launch last Nov. 1, all subsequent funds also succeeded in meeting their targets early.

The second fund, "ETF for a 7 percent target return", and the third, "Selected Korea stocks for a 7 percent target return", both launched in January, achieved their 7 percent target returns in 32 days and 23 days after being set up.

Cumulative sales of the target-switching fund series surpassed 15 billion won three months after its launch.

KakaoBank is taking subscriptions for the fourth fund, "AI ETF for a 7 percent target return", until 5 p.m. on the 16th to keep the momentum going. The fund seeks to achieve a target return of 7 percent by investing across the AI and tech industries.

For stability, more than 50 percent of its assets are invested in ETFs related to domestic short-term bonds, while the rest is invested in global AI-leading companies and related ETFs in South Korea, the United States and China to seek growth opportunities. The minimum subscription amount is 1 million won.

From the 17th, it also plans to continue with subscriptions for a fifth fund that selects promising global themes.

KakaoBank said, "Even in a volatile market, carefully selected funds are delivering strong performance and earning customers' trust," adding, "To repay that, we will continue to introduce products with diverse themes and stable management strategies."