Mirae Asset Securities, No.1 in Long-term Returns for DC and IRP

Top 1 Among the Top 10 Operators by Reserve for Medium- to Long-Term Returns in the Non-Guaranteed Principal and Interest Sector of DC·IRP

Mirae Asset Securities announced on the 13th that, as of the end of 2023, it ranked first in the 5, 7, and 10-year average annual returns of principal-guarantee-free products among the top 10 retirement pension providers for both Defined Contribution (DC) and Individual Retirement Pension (IRP) plans in the retirement pension yield disclosure.

Mirae Asset Securities' DC mid- to long-term average annual returns recorded 1% for 3 years, 5.2% for 5 years, 3.87% for 7 years, and 3.22% for 10 years. The IRP mid- to long-term average annual returns were 0.95% for 3 years, 5.1% for 5 years, 3.84% for 7 years, and 3.14% for 10 years. Among the top 10 retirement pension providers by accumulated pension funds, IRP ranked first in 5, 7, and 10-year returns, while DC ranked first in all mid- to long-term returns for 3, 5, 7, and 10 years. Notably, Mirae Asset Securities is the only provider among the top 10 by pension fund size to achieve a 5% average annual return over 5 years for both DC and IRP in a market environment with high volatility.

Even when checking the performance-based returns of DC and IRP providers with over 1 trillion KRW in assets, Mirae Asset Securities ranked first in 5, 7, and 10-year returns, demonstrating its strength as a 'pension that invests' in the retirement pension market.

Pensions are long-term investment products, so it is crucial to operate systematic products from a long-term perspective and achieve target returns. As part of managing long-term returns, Mirae Asset Securities operates a Pension Asset Management Center that regularly analyzes pension customers' returns and monitors operational status to efficiently manage pension assets. Additionally, it strives to improve long-term returns by offering differentiated global portfolio services such as robo-advisors and MP (Miraeasset Portfolio) subscriptions, unlike other providers. The robo-advisor recently surpassed 1 trillion KRW in accumulated funds, and the MP subscription service reached 690.9 billion KRW as of the end of 2023, increasing by more than 150 billion KRW over the year.

In response to explosive demand from pension customers for listed exchange-traded funds (ETFs), Mirae Asset Securities launched an automatic ETF installment purchase service and provides an online over-the-counter bond purchase service to meet bond demand, establishing a customer-friendly system that allows customers to invest in their pensions independently. Unlike other providers where investment stops or is restricted once pension payments begin, Mirae Asset Securities offers the same investment system before and after pension commencement to ensure continuous investment.

Choi Jong-jin, Head of the Pension Division at Mirae Asset Securities, said, "To manage pensions stably over the long term with excellent returns, investment and management must go hand in hand. Mirae Asset Securities selects superior products through internal decision-making bodies and provides global portfolios using professional personnel and artificial intelligence (AI) technology. We will continue to focus on pension asset management and improving returns through high-quality assets and smart global asset allocation."

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