Mirae Asset Life Applies 'Global MVP Fund' to Retirement Pensions as Well

[Image source=Yonhap News]

[Asia Economy Reporter Oh Hyung-gil] Mirae Asset Life Insurance announced on the 18th that it will also launch the Variable Insurance Global MVP Fund for retirement pensions.

The Global MVP Fund is the insurance industry's first discretionary global asset allocation fund, where Mirae Asset Life Insurance's asset management experts manage the entire process from strategy formulation to operation based on global diversification investment on behalf of customers. It is considered a steady seller in the insurance industry, surpassing 3 trillion KRW in net assets seven years after its launch.

The newly launched products are the 'Retirement Plan Global MVP Fund' and the 'Retirement Plan ETF Global MVP Fund,' both equity-type funds with a domestic and international stock inclusion ratio of over 60%.

The ETF Global MVP Fund is composed solely of ETFs as underlying assets, aiming for stable returns through low fees and even lower volatility. It is suitable for those who want to invest in the currently popular ETFs but find real-time trading burdensome or individual selection difficult.

In particular, it demonstrates differentiation by utilizing ETFs from global asset managers such as BlackRock, Vanguard, and State Street, which individual subscribers cannot purchase directly.

The existing 'MP Asset Allocation Securities Investment Type' will be changed and operated as the 'Retirement Plan Global MVP Fund.' About one in two subscribers to Mirae Asset Life Insurance's retirement pension (DC) performance dividend type are enrolled, and net assets exceeded 100 billion KRW in December last year.

Jeon Sun-pyo, Head of Corporate Sales Division at Mirae Asset Life Insurance, said, "Retirement pensions require asset allocation and product selection from a long-term perspective," adding, "Based on the excellent competitiveness of the Global MVP Fund, we hope retirement pension customers will reasonably invest in global quality assets and prepare for a happy retirement plan."