Mirae Asset Global Investments Surpasses 7 Trillion KRW in Pension Fund Assets Under Management

Asset Manager's First TDF Surpasses 1 Trillion Won Driving Growth
Leading Both Individual and Retirement Pensions Among Asset Managers

[Asia Economy Reporter Song Hwajeong] Mirae Asset Global Investments announced on the 15th that its pension fund assets under management, including individual and retirement pensions, have exceeded 7 trillion KRW. Both individual pension and retirement pension funds rank first in assets under management among fund companies, with scales reaching 3.5 trillion KRW and 3.7 trillion KRW respectively. The total assets under management for pension funds amount to 7.3363 trillion KRW.

Mirae Asset Global Investments holds the largest product lineup in the industry to meet the growing and diversifying demands of pension investors and to grow pension assets through investment. It offers portfolios that enable global diversification from investment assets to investment regions. In addition, it has provided stable pension asset investment solutions through various alternative investment products such as real estate beyond traditional investment assets. Based on this, it has grown into a leading domestic pension-specialized asset manager with a market share exceeding 20% in the overall pension fund market.

Notably, the Mirae Asset Retirement Plan Global Dynamic Fund, which diversifies investments across global bonds, has attracted about 170 billion KRW in inflows since last year, reaching assets under management of 328.9 billion KRW. The flagship fund, the largest overseas bond fund in Korea, invests in over 50 bond-issuing countries and more than 300 issuers.

The Mirae Asset TDF (Target Date Fund) series, which rebalances portfolios according to target dates, was the first among asset managers to surpass 1 trillion KRW in assets under management, driving growth. The portfolio is constructed by asset allocation and strategic allocation using global exchange-traded funds (ETFs) and Mirae Asset’s verified funds, considering expected returns and loss recovery periods to minimize principal loss at the target date.

Instead of outsourcing to foreign asset managers, it is directly managed using Mirae Asset’s global network spanning 12 countries. Last year, assets increased by more than 800 billion KRW, maintaining the top position in TDF assets under management among asset managers. The ‘Mirae Asset Lifetime Income TIF’ provides pension solutions to investors needing cash flow after retirement, including rental income from real estate for the first time in Korea, and grew by more than 150 billion KRW last year.

Ryu Kyungsik, Head of Pension Marketing at Mirae Asset Global Investments, said, “Mirae Asset recognizes the importance of preparing for old age due to increased life expectancy and offers various products such as TDF and TIF in the pension market. We will continue to strive to provide investors with comprehensive pension solutions that manage everything from accumulation to withdrawal of retirement assets through diversified investment in global quality assets.”

This content was produced with the assistance of AI translation services.