Shinhan Asset Management Launches 'Shinhan Ma-eum Pyeonhan TDF2060' for 20s MZ Generation

Shinhan Asset Management announced on the 21st the launch of ‘Shinhan Ma-eum Pyeonhan TDF2060,’ a customized target-date fund (TDF) designed for 20-something MZ generation aiming to retire in 2060.

A TDF is a fund that automatically adjusts the portfolio ratio between investment assets and stable assets according to the investor’s retirement timeline. ‘Shinhan Ma-eum Pyeonhan TDF2060’ invests up to 80% in relatively high-risk assets such as stocks. The MZ generation actively invests in risky assets like stocks and exchange-traded funds (ETFs) rather than principal-guaranteed products. Since they have a long period until retirement, they tend to expect benefits from the market’s long-term growth rather than feeling burdened by the possibility of short-term losses.

Shinhan Ma-eum Pyeonhan TDF mainly includes passive funds (including ETFs) but seeks excess returns through active funds and individual stock investments. It implements active asset allocation according to short-term market conditions while managing the fund’s volatility in the long term with a flexible currency strategy.

Since its launch in 2017, the Shinhan Ma-eum Pyeonhan TDF series has managed seven vintages from 2025 to 2055 for over seven years. By newly establishing TDF2060, investors now have more diverse options in pension products.

Recently, based on stable performance, the proportion of MZ generation subscribing to TDFs through online channels they prefer is rapidly increasing. Among all TDFs managed by Shinhan Asset Management, the proportion of online subscribers is 54%, the only top TDF management company to exceed 50%. This year, the proportion has increased further, with 54.3% of TDF inflows, amounting to 515.2 billion KRW, coming through online channels, reflecting the choices of young investors making active investment decisions.

Ryu Ji-eun, Head of DT/Marketing Planning Office at Shinhan Asset Management, said, "Shinhan Ma-eum Pyeonhan TDF2060 is an optimized product as the first pension solution for 20-something MZ generation and young professionals preparing for the 100-year life era." She added, "Considering that they frequently use and are familiar with new media such as YouTube and online channels, we will do our best to provide diverse content by actively reflecting consistent performance and customer feedback."

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