"Retirement Investment for 40s" Shinhan Ma-eum Pyeonhan TDF, 3-Year Top Return

Shinhan Asset Management announced on the 19th that the 'Shinhan Ma-eum Pyeonhan TDF' vintages 2035, 2040, and 2045 (target retirement dates) have recorded the highest 3-year returns among industry-leading target date funds (TDFs) of the same vintage.

According to fund rating agency Zeroin, as of the 14th, the 3-year returns for Shinhan Ma-eum Pyeonhan TDF vintages 2035, 2040, and 2045 are 15.04%, 16.45%, and 17.01%, respectively. This ranks first among TDFs with over 50 billion KRW in assets under management for each vintage, which are considered industry leaders.

Generally, vintages 2035 to 2045 are recognized as suitable for investors expecting retirement between 2035 and 2045, that is, investors currently in their 40s. The 40s age group is considered the core in the retirement pension market. According to the number of workers enrolled in retirement pension plans by age group from the Korea Statistical Information Service (KOSIS), as of the end of 2021, the 40s accounted for the highest proportion at 28%. Not only in terms of the proportion of subscribers but also timing-wise, the 40s represent a period when the share of retirement pensions for preparing for old age is gradually increasing. Of the total increase of 337.9 billion KRW in TDF assets under management this year, 68% was concentrated in vintages targeting the 40s (2035, 2040, 2045). The Shinhan Ma-eum Pyeonhan TDF targeting the 40s has maintained a steady net inflow of funds every year since its launch at the end of June 2017, with an average asset size exceeding 110 billion KRW.

Shinhan Ma-eum Pyeonhan TDF selectively invests in excellent ETFs and funds worldwide and incorporates individual domestic and foreign stocks and bonds depending on market conditions. It also responds quickly to the market through flexible currency strategies and in-house management rather than delegated management.

Chung-sun Kim, Executive Director of Shinhan Asset Management, said, "The accumulated market experience of Shinhan TDF connects stable risk management and flexible market response to long-term performance," adding, "We will do our best to provide optimal investment opportunities not only for investors in their 40s, who are key to pension investment, but also for pension investors of all generations."