Retirement Pension Funds Near 4 Trillion... Mirae Asset Management Leading Pension Funds

Pension Fund Assets Surpass 7.4 Trillion KRW
Industry's Largest Product Range Key... "Will Provide Comprehensive Pension Solutions"

(Source=Korea Financial Investment Association and Mirae Asset Global Investments, Unit: 100 million KRW, as of January 28, 2020)

Mirae Asset Global Investments' pension funds have surpassed 7.4 trillion KRW, solidifying their position as the industry leader with retirement pension funds alone exceeding 3.8 trillion KRW.

On the 31st, Mirae Asset Global Investments announced that as of the 28th, the total assets under management for pension funds reached 7.4192 trillion KRW. The entrusted amounts for individual pension and retirement pension funds also exceeded 3.5 trillion KRW and 3.8 trillion KRW, respectively.

This success is attributed to capturing the sentiment for pension asset growth through investment and securing the largest number of product categories in the industry. Mirae Asset stated, "We provide portfolios that enable global diversification across investment assets and regions," adding, "By offering various alternative investment products such as real estate, we have delivered stable pension asset investment solutions, resulting in 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 assets under management amounting to 336.6 billion KRW, with approximately 180 billion KRW inflows since last year. The master fund, the largest overseas bond fund in Korea, consists of 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. Utilizing global exchange-traded funds (ETFs) and Mirae Asset’s funds, the portfolio is constructed through asset allocation and strategic allocation. Leveraging Mirae Asset’s global network across 12 countries for direct management, the assets under management increased by more than 800 billion KRW last year alone, securing the top position in TDF entrusted assets among asset managers. Additionally, the 'Mirae Asset Lifetime Income TIF (Target Income Fund),' which was the first in Korea to include real estate rental income, grew by 180 billion KRW last year.

Ryu Kyung-sik, Head of Pension Marketing at Mirae Asset Global Investments, said, "Recognizing the importance of retirement preparation due to increased life expectancy, we are offering various products such as TDF and TIF in the pension market," adding, "We will continue to provide 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.