[Asia Economy Reporter Kim Bong-su] The Korea Scientists and Engineers Mutual-Aid Association, which provides welfare benefits such as pensions to scientists and engineers, reported a favorable fund performance last year, achieving a growth rate in the 5% range thanks to a strong stock market.
On the 13th, the Association held the 'Korea Scientists and Engineers Mutual-Aid Association Excellent GP Day' event via a non-face-to-face video conference, selecting eight asset management companies that contributed to the Association's asset management performance over the past year and awarding them plaques of appreciation while disclosing these results. As of the end of last year, the Association's total assets amounted to 8.5211 trillion KRW, with 86,575 members, and the total rate of return was 5.78%. The asset management companies that received plaques had realized returns ranging from 11% to as high as 48%. Additionally, a special merit company was recognized for its performance in arranging leveraged finance investment deals.
The Association's overall investment strategy for this year includes ▲ enhancing portfolio diversification for the mid- to long-term ▲ expanding loan investments ▲ investing in response to technological and demographic changes ▲ and employing a barbell strategy.
The Association plans to increase its membership to 95,000 and its assets to 9.5 trillion KRW this year. The target rate of return is 4.75%, with a target profit of 396.9 billion KRW.
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