Mirae Asset Management Sees TDF Assets Under Management Increase by 400 Billion KRW Since Early Year

Mirae Asset Global Investments announced on the 30th that the assets under management (AUM) of Mirae Asset TDFs have increased by more than 400 billion KRW since the beginning of the year.

According to the Korea Financial Investment Association, as of the 28th, the total AUM of 17 types of Mirae Asset TDFs stands at 4.2244 trillion KRW. This represents an increase of 413 billion KRW just this year. The total increase in domestic TDF AUM this year is 1.718 trillion KRW, of which approximately 24% is accounted for by Mirae Asset TDFs. This is the largest growth among domestic asset management companies.

Mirae Asset TDFs, including the ‘Mirae Asset Strategic Allocation TDF’ and the ‘Mirae Asset ETF Asset Allocation TDF,’ offer product lineups in 5-year increments from 2025 to 2055. The ‘Mirae Asset Strategic Allocation TDF’ diversifies investments across Mirae Asset Global Investments’ flagship funds with various strategies such as equities, bonds, real estate, and infrastructure, allowing flexible responses to market conditions. The ‘Mirae Asset ETF Asset Allocation TDF’ diversifies investments globally through ETFs by major asset classes.

Additionally, Mirae Asset operates the country’s only TDF for children, the ‘Mirae Asset Woori Ai TDF 2035.’ This fund is designed based on an asset allocation strategy that considers the school-age cycle to ensure that minor children can receive the necessary funds when they reach adulthood. In the early investment phase, it benefits from a systematic investment effect through invested assets, and at maturity (December 31, 2035), when the accumulated amount grows, it increases the proportion of safe assets to pursue the effect of long-term systematic investment. According to the fund rating agency KG Zeroin, as of the 30th, the ‘Mirae Asset Woori Ai TDF 2035’ recorded a 34.8% return over the past year, ranking first among all TDFs launched domestically.

Son Sujin, Head of WM Pension Marketing at Mirae Asset Global Investments, said, “As the largest pension fund manager in Korea, Mirae Asset Global Investments plans to continuously design and offer TDFs based on various target dates in the future. We will especially focus on the long-term performance of TDFs to contribute to successful pension investments.”

Meanwhile, TDF (Target Date Fund) is a representative domestic pension fund that adjusts the investment ratio between risk assets (equities) and safe assets (bonds) according to the ‘glide path’ based on the investor’s retirement date (vintage).

Since launching the country’s first lifecycle-based asset allocation fund in 2011, Mirae Asset Global Investments is the only domestic asset manager that has directly designed the glide path from the beginning, possessing the know-how and investment infrastructure to operate TDFs tailored to the Korean lifecycle. As of the 28th, the total size of the domestic TDF market is 11.2 trillion KRW, with Mirae Asset TDFs (4.2 trillion KRW) accounting for 37.6% of the market.