Didim Fund Surpasses 100 Billion KRW in New Inflows Since Launch
The Korea Financial Investment Association announced that since the launch of the Didim Fund, 100.4 billion KRW has been invested as of the 17th. The average daily inflow (on business days) increased by 60%, from 1.14 billion KRW in January to 1.82 billion KRW in February. It is showing rapid growth.
In terms of returns, it continues to deliver solid performance following last year. As of the end of last month, the average return of all Didim Funds since launch was 4.55%. The average return of the top 10 Didim Funds reached 7.82%. Compared to major domestic and international benchmarks, this is evaluated as proof of the asset allocation effect of Balanced Funds (BF).
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Lee Hwan-tae, Head of the Industry Market Division at the Korea Financial Investment Association, said, "Didim Fund is a BF-type pension-specialized fund aimed at ultra-long-term management, and it is very important to steadily accumulate management performance to enjoy the compound interest effect." He added, "Along with lifecycle-type TDFs, we will work with the industry to ensure it can serve as a basic investment option for pension subscribers."
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