[2022 Capital Investment Awards] Mirae Asset Management, Korea's Largest TDF, Excelling in Both Mid- and Long-Term Performance

Best Asset Management Company

[Asia Economy Reporter Minji Lee] Mirae Asset Global Investments was selected as the Best Asset Manager at the 2022 Asia Capital Investment Awards.

Mirae Asset Global Investments received high marks for holding an unrivaled number one position in the domestic pension fund market, leading not only the overall pension funds but also individual pension funds and retirement pension fund assets under management.

According to the Korea Financial Investment Association, as of the 1st of last month, Mirae Asset's pension fund assets under management amounted to KRW 4.587 trillion in individual pension funds such as pension savings, and KRW 7.2669 trillion in retirement pension funds, totaling nearly KRW 12 trillion. The domestic pension fund market size is approximately KRW 42 trillion, and Mirae Asset ranks first among domestic asset managers in overall pension funds as well as in individual and retirement pension fund assets under management.

In particular, it is standing out in the Target Date Fund (TDF) market. It has established a total of 13 TDF lineups, and as of the 1st, the TDF market size based on assets under management is KRW 8.8847 trillion, with Mirae Asset Global Investments’ assets under management at KRW 3.8549 trillion (market share 43%), making it the largest in Korea. The performance has also been excellent; as of the 1st of last month, Mirae Asset Strategic Allocation TDF ranked first in both 3-year and 5-year performance, and Mirae Asset Asset Allocation TDF ranked between 2nd and 4th in both 3-year and 5-year performance.

A representative from Mirae Asset Global Investments explained, “We are leading the pension market by being the first in the asset management industry to establish separate marketing headquarters for individual pensions and retirement pensions.” They added, “Since the early days of TDF, Mirae Asset has not outsourced to foreign asset managers but has directly managed TDFs by utilizing the group’s global network, accumulating know-how that has resulted in excellent mid- to long-term performance.”

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