[THE INVESTOR] Mirae Asset Daewoo has put on sale a public fund, the first of its kind in Korea, to invest in four prime office buildings in Dallas, Texas, the firm said Monday.

The fund, worth a total of 300 billion won ($268 million), cannot be resold before its maturity of seven and a half years. It will be available for purchase until Sept. 28 at the firm‘s branches, but will be closed once the fund reaches the target amount.

The company hopes to attract Korean investors, who have not been able to find a suitable investment due to the ever-low interest rate at home.

“Investors can look forward to high yields on the fund’s stable cash flow. Depending on the market situation, they could profit from selling their building and foreign exchange trading,” said Kim Kyung-shik, manager at Mirae Asset Daewoo.

Global insurance company State Farm Insurance has signed to rent the buildings for 20 years until 2037, Mirae Assset underlined to emphasize the fund‘s stability.

State Farm Insurance ranked No. 35 among 500 major global companies by earnings in 2015, by the US business magazine Fortune.

By Kim Bo-gyung (lisakim425@heraldcorp.com)