Implementation of Retirement Pension Fund System for SMEs... Asset Managers Offering OCIO Public Offering Funds
Implementation of SME Retirement Pension Fund System on the 14th
Rapid Growth Expected in Retirement Pension Market... OCIO Fund Market Also Rising
[Asia Economy Reporter Hwang Yoon-joo] Asset management companies are launching OCIO (Outsourced Chief Investment Officer) public funds one after another to capture the retirement pension market.
According to the industry on the 2nd, six asset management companies have newly launched OCIO funds. This is interpreted as an effort to take the lead in the OCIO fund market as the retirement pension fund system for small and medium-sized enterprises is set to be implemented on April 14.
OCIO funds are public funds that incorporate the OCIO method, where asset managers operate large institutional funds such as pension funds. The current OCIO market size is estimated at 100 trillion KRW. It is expected to grow to 1,000 trillion KRW once the retirement pension fund system is fully implemented.
The most aggressive asset manager is Samsung Asset Management. They launched three types of funds: ▲Samsung Retirement Pension OCIO Solution Balance ▲Samsung OCIO Solution Growth Fund ▲Samsung OCIO Solution Stable Fund.
'Samsung Retirement Pension OCIO Solution Balance' is a modified product of the 'Samsung Retirement Pension TLF7 Fund,' which was the first DB-type OCIO public fund launched domestically in July 2019. This fund has gained popularity, surpassing 100 billion KRW in assets under management in January.
Mirae Asset Global Investments' 'Mirae Asset OCIO-DB Standard Fund' has also attracted over 50 billion KRW in funds. This product is managed by diversifying investments across nine master funds, including 'Retirement Pension Short-Term,' 'Retirement Pension,' 'Global Dynamic Plus,' and 'Real Estate Infrastructure Mixed.'
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KB Asset Management established the 'KB Target Return OCIO Stable Fund' in 2020 and the 'KB Target Return OCIO Growth Fund' in 2021. Both funds surpassed 200 billion KRW in net asset value earlier this year. Their returns are impressive. As of last year, the stable fund and growth fund posted returns of 8.12% and 6.37%, respectively.
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