The ‘VIP Hanguk-style Value Investment Fund,’ which ranked first in sales among active equity funds in 2023, has surpassed 45 billion KRW in pension-related assets. Among domestic equity funds established last year, the ‘VIP Hanguk-style Value Investment’ fund is the only product with over 40 billion KRW sold in the pension class.
VIP Asset Management announced on the 6th that as of the 1st, the net assets of the ‘VIP Hanguk-style Value Investment Fund’ exceeded 200 billion KRW, with pension balances recording 24.6 billion KRW in retirement pensions and 20.9 billion KRW in individual pensions.
Market experts view VIP Asset Management’s consistent philosophy over 20 years and the fact that the ‘VIP Hanguk-style Value Investment’ fund is a performance-linked fund?where management fees vary according to performance?as making it a suitable investment product for the retirement pension market, which focuses on long-term investment.
A marketing representative from VIP Asset Management explained, "The largest increase in DC-type customers among conservative bank clients over the past year indicates a strong demand for improved retirement pension returns." They added, "With KB Kookmin Bank newly opening the retirement pension class of the ‘VIP Hanguk-style Value Investment’ fund earlier this month, the range of choices for DC-type plans in the banking sector is expanding," and said, "Interest in retirement pension returns will continue to grow."
The defined contribution (DC) retirement pension market, where workers directly manage their products, is steadily growing.
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