Mirae Asset Securities Achieves 20 Trillion KRW in Overseas Stocks and 20 Trillion KRW in Pension Assets

First Securities Firm Achieves 20-20 Club Milestone... Realizing Snowball Effect on Client Assets

[Asia Economy Reporter Song Hwajeong] Mirae Asset Securities has become the first securities firm to achieve the 20-20 club with 20 trillion KRW in overseas stocks and 20 trillion KRW in pension assets.

Mirae Asset Securities announced on the 3rd that its pension assets surpassed 20 trillion KRW on the 2nd of last month, followed by overseas stock assets exceeding 20 trillion KRW on April 29.

First, Mirae Asset Securities became the first in the securities industry to surpass 20 trillion KRW in overseas stock assets. Since reaching 1 trillion KRW in January 2017, the amount has increased twentyfold in four years, with an increase of 4.3 trillion KRW this year alone.

During the same period (since 2017), the cumulative investment gains earned by Mirae Asset Securities' trading customers through overseas stock investments have reached approximately 5 trillion KRW. The top overseas stock holdings of Mirae Asset Securities customers include Tesla, Apple, Amazon.com, and Microsoft. These stocks are considered leading global blue-chip companies, and the cumulative profits earned by Mirae Asset Securities customers from these stocks amount to about 1.8 trillion KRW.

Mirae Asset Securities is strengthening asset allocation through overseas Exchange-Traded Funds (ETFs). Utilizing the diversification effect of quality stocks through ETFs helps prepare for volatile market conditions. The ETF balance already accounts for about 25% of the 17.7 trillion KRW in overseas stock assets excluding foreign currency deposits, exceeding 4.6 trillion KRW.

The driving force behind Mirae Asset Securities surpassing 20 trillion KRW in pension assets is its excellent retirement pension returns. As of the end of Q1 2021, Mirae Asset Securities ranked first among the top 10 operators by accumulated funds in the one-year publicized returns for defined contribution (DC) and individual retirement pension (IRP) plans. The DC return recorded 13.75%, up 5.85 percentage points from 7.90% in the previous quarter, and the IRP return was 11.37%, up 4.12 percentage points from 7.25% in the previous quarter. Among the top 10 operators by accumulated funds, Mirae Asset Securities was the only one to exceed 10% in both DC and IRP returns, achieving first place in DC and IRP returns for four consecutive quarters.

The reason Mirae Asset Securities has been able to continuously achieve excellent returns in the DC and IRP systems, which are individual pension plans, is attributed to its online and offline customer management system aimed at improving customer returns.

To assist customers who find it difficult to visit branches, the company established the Pension Asset Management Center in 2018 and provides pension customer asset management consultation services remotely (via phone). Additionally, customers seeking in-depth consultation can visit branches to receive customized pension asset management through consulting with pension specialists. Furthermore, tax consultants from the dedicated headquarters department offer consulting on tax savings and pension receipt strategies.

Lee Sang-geol, Head of WM at Mirae Asset Securities, said, “Achieving 20 trillion KRW in overseas stock assets and 20 trillion KRW in pension assets simultaneously is a great achievement made possible by our customers who trusted Mirae Asset Securities and the employees who worked hard for the company.” He added, “Although we have achieved unprecedented results, we will not be satisfied with this and will continue to focus on customer returns and practice customer alliance to maintain continuous customer satisfaction.”

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