Shinhan Asset Management's 'Shinhan Didim Global EMP' Surpasses 10 Billion Won

by Ryu Hyunseok

Published 12 Dec.2024 08:40(KST)

Shinhan Asset Management announced on the 12th that the assets under management of the ‘Shinhan Didim Global EMP Fund’ have surpassed 10 billion KRW.

Shinhan Asset Management's 'Shinhan Didim Global EMP' Surpasses 10 Billion Won

Since the launch of the Didim Fund, the net inflow from individual investors over the past two months has been recorded at 24.7 billion KRW. Among the 25 Didim Funds, the ‘Shinhan Didim Global EMP Fund’ attracted more than 12.5 billion KRW in funds, accounting for over half (50.4%) of the entire Didim Fund market.

Launched on September 25th in collaboration with 25 asset management companies under the Korea Financial Investment Association, the Didim Fund is a Balanced Fund (BF) product that pursues stable returns through asset allocation strategies. It maintains a consistent ratio between risky assets such as stocks and safe assets such as bonds. Designed to achieve lower volatility than traditional dividend-type funds and higher returns than deposit interest rates, it is expected to play a key role in helping investors prepare retirement assets.

The ‘Shinhan Didim Global EMP Fund’ also excels in terms of returns. According to the fund rating agency KG Zeroin, as of the 9th of this month, the 1-month and 3-month returns were 2.38% and 7.52%, respectively, ranking first in 3-month returns among the same type of Didim Funds. This performance outperforms the industry average Didim Fund returns of 1.60% and 4.63% by approximately 100 to 300 basis points. It also shows superior results compared to the Didim Fund’s mid- to long-term target, the default option fund for retirement pensions, which had average 1-month and 3-month returns of 1.53% and 6.48%, respectively.

Kim Chung-sun, Executive Director in charge of Institutional and WM Pension Division at Shinhan Asset Management, said, “Shinhan Asset Management, as a leading first-generation TDF manager, is about to surpass 1 trillion KRW in assets under management,” adding, “Based on over seven years of continuous performance in TDFs, we will grow the Didim Fund into a representative fund for retirement pensions.”