KB Asset Management, KB On-Gukmin TDF Default Option Class Achieves Top Returns

KB Asset Management's target date fund (TDF) ‘KB On Gukmin TDF 2055’ is gaining attention for its outstanding performance.

KB Asset Management announced on the 24th that the 1-year return of KB On Gukmin TDF 2055 reached 24.42% based on FnGuide data. It ranks first among TDFs within the default option class during the same period.

The performance of KB Asset Management's TDF series, including KB On Gukmin TDF 2055, also shines in default option portfolios. According to the '2024 Q1 Default Option Major Status Disclosure' released by the Ministry of Employment and Labor, four of the top 10 products based on 1-year performance include KB Asset Management's TDFs.

KB Kookmin Bank's ‘High-Risk Portfolio 1’ recorded an annual return of 22.85%, the highest among banking sector products. It is evaluated that the strong performance of KB On Gukmin TDF 2055 included in this portfolio led the favorable returns.

Thanks to excellent performance, approximately 200 billion KRW has flowed into the KB On Gukmin and Dynamic TDF series this year. KB Asset Management's TDF market share rose by 0.6 percentage points from 12.5% at the end of last year to 13.1% as of the 20th. Among the top five TDF asset managers in the industry, KB Asset Management is the only one to increase its market share.

KB Asset Management is targeting the market with two product series: ‘KB On Gukmin TDF’ for conservative investors seeking to maximize compound interest effects with low fees, and ‘KB Dynamic TDF’ for investors who want active market responses.

KB On Gukmin TDF is a passive fund with low fees and low volatility, allowing for high compound interest effects over long-term investments. By maintaining a high proportion of growth stocks, it has sustained solid performance even in volatile market conditions.

KB Dynamic TDF is an active fund that actively responds to market volatility by flexibly adjusting risk assets and investment proportions to swiftly react to market conditions. It invests in various assets including equities and alternative assets (real estate and commodities), reducing currency hedge ratios during strong dollar periods and demonstrating stable performance through an active asset allocation strategy.

Lee Seok-hee, Head of Pension WM Division at KB Asset Management, said, "The KB TDF series is driving improvements in default option portfolio returns with excellent results," adding, "KB Asset Management's outstanding management performance is significant in the rapidly growing TDF market."

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