Mirae Asset Global Investments Launches Three Youth Income Deduction Long-Term Funds

Mirae Asset Global Investments announced on the 17th that it will launch three types of youth income deduction long-term funds.

The youth income deduction long-term fund is a policy financial product implemented to support youth asset formation. Eligible subscribers are residents aged 19 to 34 with an annual total salary of 50 million KRW or less, or a comprehensive income amount of 38 million KRW or less. This financial product allows contributions of up to 6 million KRW per year for a minimum of 3 years and up to 5 years, with 40% of the contribution amount deductible from the comprehensive income amount.

Mirae Asset Global Investments will launch the funds divided into equity type and equity hybrid type, reflecting various investment preferences and interests.

The equity-type fund, ‘Mirae Asset Core Tech Youth Income Deduction’ fund, focuses on investing in Korean technology innovation companies, concentrating on IT sectors (semiconductors, secondary batteries) and growth stocks (internet, software).

The portfolio is constructed by comprehensively considering factors such as product competitiveness, market share, and barriers to entry regarding technology. Major holdings include Samsung Electronics, SK Hynix, Samsung SDI, Naver, and L&F, focusing on semiconductor, secondary battery, and software sectors. It is suitable for young investors who want to concentrate investments in IT-related companies with high growth potential in the Korean stock market.

The equity hybrid-type fund, ‘Mirae Asset Dividend Premium Youth Income Deduction’ fund, invests in preferred stocks of leading domestic companies and high-dividend stocks, employing a covered call strategy by selling call options to pursue excess returns. This fund uses a multi-asset strategy that combines various investment strategies such as stocks, bonds, and options, moving beyond simply investing in dividend stocks. The steady dividend income from dividend stocks, interest income from bonds, and the call option selling strategy together help defend losses to a certain extent even if the index or stock prices decline.

Additionally, the equity-type ‘Mirae Asset Long-term Focus Youth Income Deduction’ fund will also be launched.

A representative from Mirae Asset Global Investments said, “Through the youth income deduction long-term funds, we can provide significant support for youth asset formation,” adding, “Mirae Asset Global Investments plans to pursue long-term and stable performance through the launch of these three related products.”

The three types of youth income deduction long-term funds can be subscribed through sales agencies such as Mirae Asset Securities, Woori Bank, Kyobo Securities, Daishin Securities, and Kiwoom Securities. The subscription period and detailed information about the funds can be confirmed through the sales agencies.

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