Kookmin Bank Ranks First in High-Risk Default Option Returns for 3 Consecutive Times

High-Risk Portfolio Annual Return 20.59%
Ranked No.1 in Annual and 6-Month Returns Since Q4 Last Year

KB Kookmin Bank's default option for retirement pensions, the High-Risk Portfolio 1 product, ranked first in annual returns among default option products in the banking sector.

The retirement pension default option automatically manages the accumulated funds with a pre-selected product if the subscriber does not provide separate instructions for fund management. It was officially implemented in July last year, and as of the end of June this year, 41 retirement pension providers have received approval from the Ministry of Employment and Labor to sell 310 products.

Among these, Kookmin Bank's "High-Risk Portfolio 1" has maintained first place in the banking sector for annual and six-month returns for three consecutive times since the fourth quarter of last year. It recorded an annual return of 20.59% and a six-month return of 14.71%.

The "Low-Risk Portfolio 2" and "Medium-Risk Portfolio 1" also recorded annual returns of 8.69% and 12.31%, respectively, ranking first and second among low-risk and medium-risk products in the banking sector.

Kookmin Bank structured the high-risk portfolio mainly with currency-exposed funds and the low-risk portfolio, which has a high proportion of safe assets, mainly with currency-hedged funds, based on the tendency for the won-dollar exchange rate to rise when global stock markets decline.

In November last year, Kookmin Bank became the first retirement pension provider to surpass KRW 40 trillion in asset management funds. It has ranked first in accumulated funds for 17 consecutive years in the DC-type retirement pension market and 14 consecutive years in the IRP market, where customers directly select and subscribe.

A KB Kookmin Bank official said, “We are very grateful that KB Kookmin Bank’s differentiated pension asset management capabilities have resulted in the High-Risk Portfolio 1 default option ranking first in the banking sector for three consecutive times,” adding, “We will continue to expand various pension products and services to help customers plan a happy retirement.”

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