NH Amundi Asset Management, Hanaro TDF Net Assets Surpass 400 Billion Won

NH-Amundi Asset Management announced on the 17th that the net assets of the Hanaro TDF series have surpassed 400 billion KRW.

As of the 13th of this month, the total net assets of the Hanaro TDF series amount to 423.8 billion KRW. The sharp increase in net assets is thanks to excellent returns. As of the 13th, the cumulative return since inception of Hanaro TDF2045 stands at 70.45%. Hanaro TDF2040 has a cumulative return of 66.69%, and Hanaro TDF2035 shows a strong performance with a cumulative return of 59.22%.

The total assets under custody for the entire Hanaro TDF series reached 318.7 billion KRW as of the 13th. More than 200 billion KRW in funds have flowed in this year alone.

Hanaro TDF is managed with advisory support from Allspring Asset Management (formerly Wells Fargo Asset Management), which launched the world’s first TDF in 1994. It has adopted Allspring’s core TDF management expertise, including dynamic risk management and factor investment strategies.

Seo Jin-hee, Head of Global Investment Division at NH-Amundi Asset Management, stated, “While managing Hanaro TDF, we closely monitor variables affecting the global financial markets and respond to market changes. Through collaboration with Allspring, we plan to pursue excess returns relative to the market while simultaneously managing risks.”

Meanwhile, NH-Amundi Asset Management is conducting a fund purchase event until the 29th of this month. Customers who newly purchase the Global Aerospace Fund or Hanaro TDF will be entered into a draw to receive prizes.