[2024 Asia Fund Awards] Professor Jeong Sunseop "Applause for Efforts to Grow the Market Amid Difficult Conditions"

Professor Jeong Sunseop of Seoul National University Law School Review Comments

Jung Soon-seop, Chief Judge (Professor at Seoul National University School of Law)

The '2024 Asia Fund Awards,' celebrating its 15th edition this year, encouraged financial investment companies striving for the development of the fund market and contemplated new directions for innovation moving forward. Last year, the continuation of high interest rates and high inflation increased volatility in the global financial markets. Despite the challenging environment, participants in the fund market, including asset managers and distributors, made efforts that led the domestic fund market to grow into a massive market exceeding 1,000 trillion KRW in net assets.

This year, the Asia Economy Fund Awards judging committee selected the Fund of the Year based on F&Guide data through written evaluations and quantitative and qualitative assessments. As a result, the grand prize was awarded to Samsung Asset Management. Samsung Asset Management received high marks for introducing new financial products and services such as Exchange-Traded Funds (ETF), Target Date Funds (TDF), and Outsourced Chief Investment Officer (OCIO) services, contributing to asset growth for both individual and institutional investors, as well as for its large scale of assets under management.

In the Best Asset Manager TDF category, Mirae Asset Global Investments, Korea Investment Management, and Shinhan Asset Management were jointly awarded, considering their excellent long-term returns.

In the Best Asset Manager ETF category, Samsung Asset Management and Mirae Asset Global Investments were recognized for providing innovative investment solutions based on overwhelming market share.

KB Asset Management was selected as the Best Asset Manager in the Overseas Fund category. The KB U.S. Representative Growth Stock Fund, managed through active collaboration between local research and the domestic headquarters, demonstrated outstanding performance. In the Best Asset Manager REITs category, Koramco Asset Trust was chosen. Koramco Asset Trust received favorable evaluations for its diversified business portfolio and secured business stability.

For Best Distributor, NH Investment & Securities, Korea Investment & Securities, KB Securities, and Samsung Securities were selected, having high scores in consumer contact, distributor evaluations, and returns.

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