KCGI, Freedom TDF Tops 6-Month Returns... Net Assets Surpass 100 Billion Won
KCGI Asset Management entered the top tier in terms of returns in the Target Date Fund (TDF) sector, surpassing 100 billion KRW in net assets.
KCGI Asset Management announced on the 6th that the Freedom TDF series recorded an average 6-month return of 11.1% as of the 29th of last month, based on FnGuide data. Net assets reached 100.1 billion KRW, a 21% increase compared to the end of last year. Surpassing 100 billion KRW marks 2 years and 4 months since the TDF was launched on October 23, 2020.
Looking at the 6-month returns by vintage, TDF2050 achieved 12.04%, TDF2030 10.2%, TDF2040 10.9%, and TDF2045 11.8%, with all vintages showing excellent returns. The 3-year returns also showed strong performance with an average return of 15.4%.
Mok Dae-gyun, Chief Investment Officer of KCGI Asset Management, said, "Since being acquired by KCGI, the establishment of new investment principles and processes for global asset allocation to improve risk management and returns is showing results." He added, "Investing in structural changes such as technological advancements like artificial intelligence and the reshaping of supply chains centered on the U.S. is a major factor behind the improvement in profitability."
KCGI Freedom TDF is a fund that employs an asset allocation strategy that reduces volatility as the target retirement date approaches. The total fund fees for the C-Pe2 class are 0.522% for TDF2030, 0.552% for TDF2035, 0.582% for TDF2040, 0.612% for TDF2045, and 0.642% for TDF2050, which are lower than those of general funds.
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KCGI Freedom TDF can be subscribed to through KCGI Asset Management headquarters as well as Woori Bank, Busan Bank, Gyeongnam Bank, Korea Investment & Securities, Mirae Asset Securities, Samsung Securities, NH Investment & Securities, KB Securities, Korea Post Securities, Hyundai Motor Securities, Samsung Life Insurance, and Kyobo Life Insurance. The return data was calculated based on FnGuide's Fund Guide TDF ranking data as of the 29th of last month.
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