Mirae Asset TDF and TIF 3 Types Selected as Representative Retirement Pension Products by Korea Workers' Compensation & Welfare Service

Highly Rated for Long-Term Excellent Performance Through Direct Operation Utilizing Global Network

[Asia Economy Reporter Minwoo Lee] Mirae Asset Global Investments' Target Date Fund (TDF) and Target Income Fund (TIF) products have been selected as representative retirement pension products by the Korea Workers' Compensation and Welfare Service.

Mirae Asset Global Investments announced on the 8th that three products?Mirae Asset TDF 2025, Mirae Asset TDF 2045, and Mirae Asset Lifetime Income TIF?were selected by the Korea Workers' Compensation and Welfare Service.

The Korea Workers' Compensation and Welfare Service, which manages retirement pension operations for companies with fewer than 30 employees, has been selecting pension-specialized products suitable for long-term investment funds such as retirement pensions. Mirae Asset's products received high evaluations for being directly managed using a global network rather than outsourced to foreign asset managers, achieving excellent long-term performance.

Previously, Mirae Asset proactively launched TDFs in 2011 through the 'Mirae Asset Asset Allocation TDF' and has since built a total of 11 TDF product lines. As of this date, the total TDF assets under management stand at approximately 1.5 trillion KRW, the largest scale in the industry. Mirae Asset ranks first in 1-year, 2-year, 3-year, and year-to-date returns within the industry TDFs by the same target date. Among domestic individual TDFs, the largest in scale is the Mirae Asset Strategic Allocation TDF 2025, with assets under custody of 484.8 billion KRW. Since its inception in March 2017, it has achieved a cumulative return of 22.58%. The Mirae Asset Strategic Allocation TDF 2045, which has the longest target date, also showed a cumulative performance of 35.68%.

Ryu Kyung-sik, Head of Pension Marketing at Mirae Asset Global Investments, said, "Mirae Asset TDF and TIF provide an alternative for investors who recognize the necessity of asset allocation but find it difficult to select funds on their own," adding, "We will strive to offer comprehensive pension solutions that manage everything from accumulation to withdrawal of retirement assets for retirement pension investors of the Korea Workers' Compensation and Welfare Service."

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