Kiwoom Asset Management Launches ‘TDF 2050’ Series

[Asia Economy Reporter Minji Lee] Kiwoom Asset Management announced on the 5th that it has newly launched the ‘Kiwoom Keywordream TDF 2050’ series for retirement preparation targeting the MZ generation.

The MZ generation has recently emerged as the main force in economic activities and shows a very high interest in financial investment. The top financial goals prioritize accumulating retirement assets right after securing funds for home purchases, indicating a strong recognition of the importance of retirement assets.

The ‘Kiwoom Keywordream TDF 2050’ is designed to prepare retirement assets for the MZ generation by setting 2050 as the target retirement year (Target Date) and constructing a portfolio with an optimal asset allocation ratio. The initial allocation consists of 80% growth assets (such as stocks) and 20% safe assets (such as bonds), investing in growth assets to the maximum extent at the current stage.

The ‘Kiwoom Keywordream TDF’ employs a passive strategy mainly investing in global ETFs and index funds. For the long investment period of the ‘2050 series,’ the cumulative effect of cost reduction significantly contributes to long-term performance, making it particularly advantageous.

Unlike TDFs with overseas advisory or delegated management contracts, this product has no restrictions on portfolios composed of products from specific asset managers, allowing the selection and inclusion of excellent global funds in terms of cost and returns.

Min Ju-young, Director of Retirement Pension at Kiwoom Asset Management, stated, “In the US 401k system (equivalent to Korea’s DC-type accounts), people in their 20s invest about 50% of their pension assets in TDFs,” adding, “We will strive to establish TDFs as the optimal investment solution for retirement preparation among the MZ generation in Korea as well.”

Kiwoom Asset Management plans to continue expanding its TDF lineup to provide pension investment solutions from a lifelong perspective. The ‘Kiwoom Keywordream TDF 2050’ is currently available through Daishin Securities, Woori Bank, Kiwoom Securities, and Hana Bank, with plans to further expand the number of distributors.

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