Mirae Asset Global Investments Surpasses 30 Trillion KRW in Pension Assets

Mirae Asset Global Investments announced on the 21st that its pension assets, combining pension funds such as TDFs and ETFs within pension accounts, have surpassed a total of 30 trillion KRW.

As of the end of last year, Mirae Asset Global Investments' pension fund assets under management totaled 12.5 trillion KRW. As the first in Korea to introduce TDFs (Target Date Funds) and TIFs (Target Income Funds), Mirae Asset is leading the pension fund market by offering various public pension funds. Currently, Mirae Asset TDF's assets under management, based on excellent long-term returns and operational expertise, amount to 4.04 trillion KRW, the largest scale among domestic asset managers, with a market share of 36.1%.

Mirae Asset TDF has contributed to increasing investors' pension assets by demonstrating outstanding long-term performance. As of the 20th, the total net assets of Mirae Asset Strategic Allocation TDF and Mirae Asset ETF Asset Allocation TDF exceeded their initial subscription amount by 2.3 trillion KRW. Notably, Mirae Asset Strategic Allocation TDF 2045 has recorded a cumulative return of 103.3% since its inception in March 2017, achieving an average annual return of 13.1%.

The total net assets of TIGER ETFs within individual pension and retirement pension accounts by distributors such as Mirae Asset Securities were recorded at 18.3 trillion KRW. In particular, with an increase of 9.5 trillion KRW last year, the competitiveness of TIGER ETFs in pension investments has been significantly strengthened. Major ETFs that saw increased buying during this period include ▲TIGER US S&P 500 ETF ▲TIGER US Nasdaq 100 ETF ▲TIGER US Tech TOP10 INDXX ETF. Pension investors appear to have benefited from the growth of the US market by investing in US stocks through TIGER ETFs.

As the domestic retirement pension system approaches its 20th anniversary, Mirae Asset is leading the pension market encompassing both individual and retirement pensions. Park Hyun-joo, Chairman of Mirae Asset Group, has focused on the growth of the pension market and made proactive investments.

Mirae Asset Securities entered the retirement pension market in 2005 by establishing the first retirement pension division among domestic securities firms. Mirae Asset Global Investments has contributed to broadening investors' choices by building the industry's largest lineup of pension funds, ranging from traditional investment products to alternative investment products. Boasting a global network, Mirae Asset Group demonstrates stable pension asset management capabilities through global asset allocation.

Son Su-jin, Head of the ETF Pension Marketing Division at Mirae Asset Global Investments, said, "Surpassing 30 trillion KRW in pension assets was made possible thanks to customers' trust in Mirae Asset and the positive evaluation of the market. We will continue to introduce competitive products that help investors grow their pension assets and do our best to realize sustainable pension investments."