Mirae Asset Global Investments TDF Assets Under Management Surpass 3 Trillion Won

[Asia Economy Reporter Junho Hwang] Mirae Asset Global Investments announced on the 3rd that it became the first domestic asset management company to surpass 3 trillion KRW in assets under management (AUM) for TDF (Target Date Fund). This milestone was reached just six months after surpassing 2 trillion KRW in AUM in February this year.

According to the Korea Financial Investment Association, as of the closing price on the 31st of last month, Mirae Asset TDF's AUM stood at 3.0219 trillion KRW, an increase of 1.2799 trillion KRW this year.

Mirae Asset Global Investments is the largest TDF manager in Korea with a market share of 43.7%. It is the first domestic TDF independent manager that has designed and operated its own glide path since the launch of TDFs. Mirae Asset TDF invests in a diversified range of global assets by leveraging its global network. It automatically adjusts the allocation of investment assets according to a specific target date.

Mirae Asset Global Investments offers a total of 13 product lineups consisting of asset allocation TDFs and strategic allocation TDFs. Asset allocation TDFs invest in a variety of assets including stocks, bonds, real estate, and commodities. Strategic allocation TDFs invest in basic income strategies (seeking returns above market interest rates), market-neutral strategies (seeking absolute returns), multi-income strategies (seeking income returns), and capital gain strategies (seeking asset price appreciation). As of the end of August, asset allocation TDFs had 480.1 billion KRW, and strategic allocation TDFs had 2.5418 trillion KRW, increasing by 155.4 billion KRW and 1.1245 trillion KRW respectively this year.

The largest Mirae Asset TDF fund is the 'Mirae Asset Strategic Allocation TDF 2025 Mixed Asset Private Equity Trust,' with a fund size of 862.7 billion KRW. This fund is popular for its stable and excellent performance. Since its inception on March 13, 2017, the fund has achieved a return of 42.82% as of the end of August, with 3-year and 1-year returns of 29.32% and 12.70%, respectively. The fund attracted 318.8 billion KRW this year, the highest inflow among Mirae Asset TDFs.

The largest asset allocation TDF fund is the 'Mirae Asset Asset Allocation TDF 2025 Securities Private Equity Trust,' with a size of 253.5 billion KRW and an inflow of 56.7 billion KRW this year. As of the end of last month, its 3-year and 1-year returns were 29.82% and 11.80%, respectively.

Ryu Kyung-sik, Executive Director and Head of WM Pension Marketing at Mirae Asset Global Investments, said, "Investors who are not familiar with pension asset management are very interested in Mirae Asset TDF, which automatically adjusts the allocation of investment assets." He added, "Mirae Asset will strive to provide comprehensive pension solutions that allow investors to invest with confidence by utilizing its global network."