Mirae Asset Management Launches 'Mirae Asset Dream Star Asset Allocation Growth Fund'

KB Kookmin Bank Advisory... Expected Synergy from Collaboration Between Asset Management Firms and Banks

Mirae Asset Global Investments announced on the 5th that it will newly launch the ‘Mirae Asset Dream Star Asset Allocation Growth Fund,’ which diversifies investments across traditional assets such as global stocks and bonds, as well as alternative assets like commodities.

The ‘Mirae Asset Dream Star Asset Allocation Growth Fund’ diversifies investments across various underlying assets including domestic and international equity funds, bond funds, exchange-traded funds (ETFs), energy and commodity funds, and real estate investment trusts (REITs), aiming for efficient returns relative to risk. To consistently generate excess returns, it actively allocates assets by adjusting the proportion of investment assets according to economic phases.

This fund is Mirae Asset Global Investments’ first product in collaboration with a bank. KB Kookmin Bank, which entered the financial investment advisory business for the first time in the domestic banking sector last January, is responsible for advising on global asset allocation plans, market and economic outlooks, and fund portfolio composition. Mirae Asset Global Investments manages the fund’s operations.

Mirae Asset Global Investments designed a specialized investment strategy for pension fund asset management from the planning stage, considering various variables such as inflation rate, interest rates, target returns, and risk tolerance for pension investors. The two companies plan to manage risks through continuous monitoring and conduct performance analysis and rebalancing by asset class, country, and fund. Fund subscriptions will be conducted through KB Kookmin Bank.

Ryu Kyung-sik, Head of WM Pension Marketing Division at Mirae Asset Global Investments, said, “As the first product launched in collaboration with a bank, we will strive to combine the strengths of both companies to achieve excellent performance,” adding, “In particular, the goal is active asset allocation management and stable excess returns from a long-term growth perspective. This will provide pension investors with an opportunity to invest in various assets with global competitiveness.”

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