[2024 Asia Fund Awards] Mirae Asset Global Investments, Default Option Fund Long-term Returns in the 50% Range

Best Asset Manager in the TDF Sector

Mirae Asset Global Investments was selected as the Best Manager in the Target Date Fund (TDF) category at the 15th annual '2024 Asia Fund Awards.'

According to financial information provider FnGuide, as of the 18th, there are 85 funds dedicated to the Pre-designated Management System (default option) (O Class), with total assets under management of 1.0869 trillion KRW. Mirae Asset Global Investments' fund assets under management totaled 376 billion KRW, accounting for 34.6% of the total. This is larger than the combined assets under management of the next three firms.

Among the Mirae Asset Strategic Allocation TDF series, the 'Mirae Asset Strategic Allocation TDF2035' is the most popular. With the full implementation of the default option and steady inflows of funds, its assets under management have increased to 85.1 billion KRW. It is the largest domestic fund dedicated to the default option.

Mirae Asset Global Investments, which pioneered the domestic TDF market, maintains its top position with an overwhelming market share. The secret lies in its excellent long-term returns. An analysis of the 5-year returns of funds included in the default option shows that three out of the top five are Mirae Asset Global Investments' funds. The ‘Mirae Asset Strategic Allocation TDF2045’ recorded a 57.44% return, and the ‘Mirae Asset Strategic Allocation TDF2040’ achieved a 55.58% return, demonstrating outstanding performance.