Midas Asset 'Basic Qualified TDF Series' Surpasses 600 Billion Won in Assets Under Management

The total assets under management for the 'Basic Qualified TDF Series (2030, 2040, 2050, 2060)' by Midas Asset Management have surpassed 600 billion won.

According to fund evaluation company Zeroin, as of April 28, the combined total assets under management for all classes of this TDF series exceeded 600 billion won. After reaching 200 billion won in assets under management at the beginning of January this year, the series attracted an additional 400 billion won in new funds in just four months.

As of April 29, according to Zeroin (C-Pe2 class), the Midas Asset Basic Qualified TDF 2050 Fund ranked first in its category for all performance periods, with annual returns of +51.02% for 1 year, +60.37% for 2 years, and +89.95% for 3 years.

The outstanding performance of Midas Asset Management’s flagship funds included in the TDF contributed positively to the overall TDF performance. As of April 29, the 1-year returns according to Zeroin showed strong results, with the K200 Index Fund (+204.47%), Small and Mid-Cap Fund (+143.20%), and Asia Leaders Growth Fund (+90.78%) all posting high returns.

In addition, overseas advisory fees were eliminated by utilizing a proprietary TDF model. Midas Asset Management used a self-developed TDF model to minimize advisory costs that would occur when adopting models from foreign financial institutions. This eliminated additional cost drivers and reduced the burden on investors.

The company also explained that fund fees were set at a reasonable level. The synthetic total expense ratio, which combines fund fees and underlying fund costs, is about 0.42% per year (based on the online retirement class), which is lower than the industry average of 0.77%. A representative of Midas Asset Management stated, "Given the nature of retirement products, which are typically invested for 20 to 30 years, lower fees become a factor that maximizes the compounding effect."

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