Hanwha Asset Management Ranks 3rd Overall in Final Approval for Default Option

Proven Excellence and Stability with Former Vintage Approval
Selected as Default Option Product for TDF by Six Major Banks in the Market

[Asia Economy Reporter Kwon Jae-hee] Hanwha Asset Management announced on the 22nd that it ranked 3rd overall and 2nd in Target Date Funds (TDF) in the final approval of the default option (pre-designated operation system).

Hanwha Lifeplus TDF passed all vintages (2025, 2030, 2035, 2040, 2045, 2050) during the first and second approval processes conducted by the Ministry of Employment and Labor and the Financial Supervisory Service for retirement pension providers. It was selected among a total of 20 retirement pension providers and 37 products, including all six major commercial banks.

The main evaluation criteria for selecting the default option included management performance, asset allocation, and fees, also considering the appropriateness of portfolio composition. The finally selected products can be seen as having verified stability and profitability.

Choi Young-jin, Head of Channel Pension Marketing, who led the final approval of the default option, said, "Since all vintages were approved, it has been proven that this fund is suitable for long-term elderly fund management," adding, "We will continue to provide successful solutions to subscribers who find retirement pension management daunting through active communication with individual investors."

Byun Jae-il, WM Solution Management Team Leader, stated, "Hanwha LIFEPLUS TDF Glide Path is collaborating with JP Morgan, which has consistently demonstrated steady mid- to long-term performance," and added, "Through a differentiated hybrid strategy and currency hedging strategy, we respond to volatility and manage risks to maintain long-term stable performance."

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