‘Shinhan Didim Global EMP’ Shinhan Asset Management Launches Didim Fund

Shinhan Asset Management announced that it will launch the ‘Shinhan Didim Global EMP Fund’ on the 25th. It is a pension fund-type asset allocation fund that pursues mid- to long-term performance through an asset allocation strategy.

According to the Korea Financial Investment Association, 25 asset management companies are participating in the Didim Fund, and a total of 25 Didim Funds will be launched. It is a joint brand created to provide various financial investment products in the retirement pension market, which currently focuses on principal and interest products, and to increase returns with long-term asset allocation products similar to general pension funds. The purpose is for each asset management company’s retirement pension representative product to grow.

Shinhan Asset Management’s Didim Fund was remodeled from the existing ‘Shinhan TRF Growth OCIO Solution’ to meet the requirements of the Didim Fund and launched. TRF (Target Return Fund) is a target return fund that sets the investor’s target rate of return and establishes an asset allocation strategy to achieve it, which largely aligns with the purpose of the Didim Fund.

The maximum investment ratio in risky assets is limited to less than 50%, lowering the fund’s risk rating from level 3 to level 4, and it is designed to allow investment of up to 100% of retirement pension reserves.

The ‘Shinhan Didim Global EMP Fund’ diversifies investments across stocks, bonds, alternative assets, and other assets with different risk levels. It is a representative balanced fund that maintains a constant proportion of risky assets. Also, as a global EMP (ETF Managed Portfolio) fund, it maximizes risk diversification effects by investing more than 50% in ETFs. The portfolio is composed mainly of overseas stocks and domestic bonds, with some diversification into alternative assets to hedge against rising interest rates and inflation.

Kwon Soon-gyu, portfolio manager of Shinhan Asset Management’s Global Operations Team, said, “This year, both the stock and bond markets are showing favorable performance due to global price stabilization and expectations of monetary policy easing in major countries. Going forward, stock and bond markets may move differently depending on the real economy factors such as corporate earnings and employment beyond inflation, so the effectiveness of the Didim Fund’s asset allocation strategy for stable investment will increase.”

The Shinhan Didim Global EMP Fund is currently available for subscription at Shinhan Bank, NongHyup Bank, Hana Bank, Jeju Bank, Shinhan Investment Corp., Mirae Asset Securities, Samsung Securities, Korea Investment & Securities, Woori Investment & Securities, Mirae Asset Life Insurance, Kyobo Life Insurance, and others.

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