Hanwha Asset Management Launches LifePlus TIF "Switch from TDF"
[Asia Economy Reporter Junho Hwang] Hanwha Asset Management is launching the 'Hanwha LifePlus Target Income Fund (TIF)' on the 18th, which aims to maximize the withdrawal period by preserving investment capital through systematic volatility management.
To have a happy and comfortable life after retirement, a regular basic income is necessary. To withdraw pension assets over a long period for basic income, it is essential to preserve the investment capital while obtaining withdrawal payments.
Hanwha LifePlus TIF is a product designed to meet the demand for 'withdrawal-type products.' While the existing Target Date Fund (TDF) is for asset accumulation before retirement, the TIF can be seen as a 'withdrawal-type product' that manages and maintains assets stably after retirement.
Hanwha LifePlus TIF differentiates itself by managing the portfolio's long-term annual volatility at around 4-6% and performing strategic asset allocation based on risk allocation rather than simple asset allocation by amount. In particular, it builds a portfolio that can provide an optimized tax-saving withdrawal solution considering the Korean pension system.
Choi Young-jin, Head of Personal Solutions at Hanwha Asset Management, said, "We expect the demand for withdrawal-type products, which aim to withdraw financial assets formed through investments in the rapidly growing pension market, to increase significantly in the future," adding, "We aim to proactively respond to future market growth by launching a product optimized for fund withdrawals."
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Hanwha LifePlus TIF is available for subscription through Hanwha Investment & Securities, POS Securities, and Hanwha Asset Management's direct sales app PINE. The total fees are as follows: Class A 0.75% (upfront sales commission within 1.0% of the payment amount separately), C-Pe (pension savings) 0.59%, C-RPe (retirement pension) 0.54%, and S-P (pension savings) 0.48%.
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