Mirae Asset Securities Achieves 30 Trillion KRW in Overseas Stocks and 30 Trillion KRW in Pension Assets

Mirae Asset Securities announced on the 20th that its overseas stock investment assets surpassed 30 trillion KRW as of the 14th.

In July 2023, pension assets exceeded 30 trillion KRW, and with overseas stocks also reaching 30 trillion KRW, both overseas stocks and pension assets achieved the milestone of 30 trillion KRW simultaneously. This follows the achievement of the 20-20 Club (20 trillion KRW in overseas stocks and 20 trillion KRW in pension assets) in 2021, showing over 50% growth in three years to reach the 30-30 Club milestone. Mirae Asset Securities was recently selected as the sole agency for individual investors’ government bond sales, sparking a subscription frenzy exceeding 420 billion KRW in government bonds. Leveraging its competitive edge in VIP business including ultra-high-net-worth individuals, it recorded customer deposited assets of 421 trillion KRW as of the end of 2023, demonstrating its status as a leading asset management firm.

Mirae Asset Securities’ overseas stock balance started at 1 trillion KRW in January 2017, surpassed 20 trillion KRW in April 2021, and has shown continuous growth, finally exceeding 30 trillion KRW in June 2024. This year alone, overseas stocks increased by 6.7 trillion KRW, and during the same period, customers’ unrealized gains on overseas stocks rose by approximately 5.5 trillion KRW. Achieving 30 trillion KRW in overseas stock assets is the result of a customer alliance practice declaration prioritizing customer returns, supported by innovative services and global asset allocation strategies.

Mirae Asset Securities provides an innovative corporate investment portfolio through global asset allocation, offering hyper-personalized investment solutions using AI corporate analysis reports and wealth tech. Based on a mid- to long-term asset allocation strategy centered on global innovative companies, customers’ returns have steadily grown. The top overseas stock holdings among customers include NVIDIA, Tesla, Microsoft, Apple, and Broadcom. As of the 14th, the pre-tax total return on these holdings (total unrealized gains and total purchase amount) were NVIDIA 192%, Tesla -6.76%, Microsoft 54%, Apple 57%, and Broadcom 203%. It is analyzed that the growth was possible because WM branches and digital channels communicated and practiced investment principles focused on global innovative and competitive companies together with customers.

Mirae Asset Securities’ pension assets have steadily increased since surpassing 30 trillion KRW in 2023, achieving a remarkable growth to 37 trillion KRW. This year, it also demonstrated its strength as a pension leader by reaching 10 trillion KRW in individual pension reserves and 10 trillion KRW in defined contribution (DC) reserves. Notably, Mirae Asset Securities’ pension services allow customers to choose from various portfolio services tailored to their investment preferences through individual pension wrap accounts, MP subscriptions, and robo-advisor services. As of the end of May, about 30,000 subscribers were enrolled in retirement pension robo-advisor and MP subscription services. In the second half of the year, retirement pension robo-discretionary services and individual pension robo-advisor services are scheduled to be launched.

The growth of pension assets is closely related to returns. In the 2023 year-end retirement pension comparative disclosure, among the top 10 securities firms by reserves, Mirae Asset Securities ranked first in DC performance-linked mid- to long-term (5, 7, 10 years) returns, recording a 5-year average annual return of 5.2%, 7-year average of 3.87%, and 10-year average of 3.22% (with a 14.9% return for 1 year at the end of 2023). As life expectancy lengthens and inflation rises, customer demand for managing pension assets as global income-generating assets over the long term is increasing. Accordingly, money movement toward “investing pensions” has accelerated, and the rise in reserves due to improved customer returns has rapidly increased customer pension assets.

Mirae Asset Securities is focusing on asset allocation investments that align with changes in the investment environment. In particular, it emphasizes investing in growth companies through domestic corporate value-up programs and global innovative companies such as those in AI. At the same time, bond investments actively utilizing the increased interest rates are also considered. Recently, income-type asset allocation investments using bonds have become increasingly important.

Additionally, Mirae Asset Securities plans to focus on hyper-personalized customized services that consider changes in the investment environment and differences in customer preferences. A Mirae Asset Securities official stated, “The growth of overseas stocks and pension assets appears to be the result of customers choosing innovative, customer-centric services and asset allocation strategies that prioritize customer returns.” He added, “We will continue to strengthen global asset allocation AI investment services to enhance customers’ return growth.”