Mirae Asset Global Investments Launches Pension Fund Investment Pool

[Asia Economy Reporter Minji Lee] Mirae Asset Global Investments announced on the 3rd that it began its duties as the weekly asset manager for the pension fund investment pool on the 30th of last month.

Mirae Asset Global Investments was selected as the new weekly asset manager in the competitive bidding for the pension fund investment pool on January 19th of this year. After being chosen as one of the multiple weekly managers for the pension fund investment pool, Mirae Asset Global Investments completed the transfer process over the past three months, moving the accounts of the existing weekly asset managers' funds to its own sales system.

The company plans to provide the best service to the participating funds by deploying the largest dedicated team of 32 personnel among the weekly asset managers. The pension fund investment pool is a system that consolidates and manages funds from government-affiliated funds and public institutions, introduced in 2001 and marking its 20th anniversary this year.

The contract period for Mirae Asset Global Investments as the weekly asset manager runs until December 31, 2025. Seo Yoo-seok, CEO of Mirae Asset Global Investments, who oversees the OCIO business, stated, “As the weekly asset manager for the pension fund investment pool, we will prioritize stability, profitability, and public interest, and do our best to manage the surplus funds of the participating funds and public institutions.”

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