Mirae Asset Life Insurance's Variable Insurance MVP Fund Surpasses 30 Trillion Won

Achieving Consistent Results Through Global Asset Allocation

[Asia Economy Reporter Ki Ha-young] Mirae Asset Life Insurance announced on the 7th that the 'Mirae Asset Life Insurance Variable Insurance Global MVP Fund' surpassed 3 trillion KRW in net assets as of the 6th.

Considering that there are only seven financial companies in the domestic market with total variable insurance assets exceeding 3 trillion KRW, the company explained that this is a remarkable achievement for a single fund.

Launched in April 2014, the MVP Fund reached 1 trillion KRW in net assets in June 2018, achieved 2 trillion KRW last September, and increased by another 1 trillion KRW within six months.

In particular, the MVP60 Fund, which has a portfolio composed of a total of 15 funds including domestic stocks, bonds, overseas stocks, overseas bonds, and alternative assets, has surpassed a cumulative return of 63% as of the 6th, making it the most chosen by customers. The MVP Fund is the insurance industry's first discretionary global asset allocation fund, where the insurance company's asset management experts manage the entire process from strategy formulation to operation based on the principle of global diversification on behalf of customers.

Thanks to the success of the MVP Fund, Mirae Asset Life Insurance's variable insurance first-year premiums last year amounted to 1.6424 trillion KRW, capturing a 52.9% market share in the domestic variable insurance new contract market.

Cho Sung-sik, Head of Asset Management Division at Mirae Asset Life Insurance, said, "The market volatility can expand at any time, so it is necessary to strive to secure returns from a long-term perspective rather than short-term," adding, "Based on the excellent competitiveness of the MVP Fund, we hope more customers will reasonably invest in global quality assets and prepare for a happy retirement plan."

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