NH Amundi Asset Management Holds First Press Conference for Hanaro TDF
"Supported by excellent returns, the total net assets of the Hanaro TDF series have more than doubled this year alone. In particular, the number of customers choosing Hanaro TDF has been rapidly increasing since the introduction of the default option."
On the 4th, Lim Dong-sun, CEO of NH-Amundi Asset Management, stated at a press briefing, "Hanaro TDF is standing out in the growing retirement pension market," adding, "It is showing excellent returns through successful asset allocation and risk management."
At the NH-Amundi Asset Management briefing, CEO Lim Dong-sun and Kim Seok-hwan, Head of the Global Solutions Division, attended. Also present was Eddy Chang, Global Portfolio Management Head of Allspring, a global asset management firm.
Hanaro TDF is a product managed with advisory support from Allspring Asset Management (formerly Wells Fargo Asset Management), which launched the world's first TDF. To develop a product tailored to the Korean life cycle, joint research was conducted with Allspring to independently develop an asset allocation model.
At the briefing, Eddy Chang, Global Portfolio Management Head of Allspring, explained, "Allspring Asset Management and NH-Amundi Asset Management have a strong partnership," adding, "We will actively provide advisory support to apply the 30 years of accumulated TDF know-how to the management of Hanaro TDF."
Kim Seok-hwan, Head of the Global Solutions Division at NH-Amundi Asset Management, who is responsible for managing Hanaro TDF, emphasized, "Hanaro TDF pursues excess returns compared to the market through collaboration with Allspring," and added, "We plan to jointly implement strategies to effectively respond to unexpected situations in crisis management."
In fact, Hanaro TDF is showing excellent performance. According to Shinhan Fund Partners, as of the 31st of last month, the Hanaro TDF 2045, which has the highest assets under management among the Hanaro TDF series, has achieved a return of 57.30% since its inception.
The net asset value is also growing rapidly. As of the 31st of last month, the total net assets of the entire series amounted to 304.5 billion KRW, more than doubling compared to the beginning of this year.
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