Mirae Asset Global Investments Surpasses 8 Trillion KRW in Pension Fund Assets Under Management

Individual Pension and Retirement Pension Fund Assets Both Ranked No.1 Among Asset Management Companies

[Asia Economy Reporter Minwoo Lee] Mirae Asset Global Investments' total pension fund assets under management have surpassed 8 trillion KRW.

Mirae Asset Global Investments announced on the 15th that as of the 6th, the total pension fund assets under management reached 8.117 trillion KRW. Individual pensions accounted for 3.8459 trillion KRW, and retirement pension funds accounted for 4.2711 trillion KRW, ranking first in pension fund assets under management among asset management companies.

According to financial information provider FnGuide, the total pension fund assets under management in the industry stood at around 32 trillion KRW as of the 6th. This represents an increase of about 1 trillion KRW since the beginning of the year. Mirae Asset Global Investments has been leading the pension fund market with over 1 trillion KRW inflows across various types including target date funds (TDF), domestic and overseas funds, equity, bond, and mixed funds since the start of the year.

*Trend of Mirae Asset Global Investments Pension Fund Assets Under Management (Source: Korea Financial Investment Association, Mirae Asset Global Investments, as of October 6, 2020)

The company's success is attributed to having the largest number of product groups in the industry, various alternative investment products such as real estate, and portfolios that allow overseas diversification. The Mirae Asset TDF series, the largest in the industry at about 1.6 trillion KRW, led pension fund growth this year with an increase of approximately 400 billion KRW, the highest among asset managers. It is explained that excellent performance was achieved by directly managing the funds using Mirae Asset's 12 regional global networks rather than outsourcing to foreign asset managers. Notably, the Mirae Asset Strategic Allocation TDF 2045 recorded the highest returns among industry TDFs across all periods as of the 6th, with returns of 7.79%, 15.54%, 19.06%, and 25.93% for year-to-date, 1-year, 2-year, and 3-year periods, respectively.

Ryu Kyung-sik, Head of Pension Marketing at Mirae Asset Global Investments, said, "We recognize the importance of preparing for retirement due to increased life expectancy and offer various products in the pension market such as TDFs and Target Income Funds (TIF)." He added, "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.