'Mirae Asset Global Investments, No.1 in Pension, Becomes First in Industry to Surpass 1 Trillion KRW in Default Option Fund Assets'

Mirae Asset Global Investments announced on the 14th that the total assets under management of its default option (pre-designated operation system) exclusive funds have surpassed 1 trillion KRW. This amount is the first among domestic asset management companies and is larger than the combined total of the 2nd to 4th largest asset managers by assets under management.

According to Zeroin, as of the 11th, the total assets under management of Mirae Asset Global Investments' default option exclusive funds (O Class) amounted to 1 trillion and 39 billion KRW. The default option is a system that automatically manages retirement pension savings using a pre-designated investment method in case the subscriber does not decide on the financial products to manage their retirement pension funds. It can reduce the investment burden on subscribers and enable stable asset management in the long term.

Since its introduction in July 2023, the domestic default option market has grown to a total size of 2.8471 trillion KRW. Mirae Asset Global Investments' funds account for 35.26% of this market. Despite market uncertainties, Mirae Asset Global Investments is strengthening its competitiveness as the number one asset manager in the pension market by providing stable management performance.

The largest default option exclusive fund in Korea is the 'Mirae Asset Strategic Allocation TDF 2035.' As of the 14th, the assets under management of 'Mirae Asset Strategic Allocation TDF 2035' reached 216.1 billion KRW. The Mirae Asset Strategic Allocation TDF series adjusts asset allocation ratios based on the investor's retirement timing and flexibly diversifies investments into Mirae Asset's representative products according to market phases. It has been generating steady long-term performance despite market volatility. Since its inception in December 2022, the cumulative return of 'Mirae Asset Strategic Allocation TDF 2035' (O Class) is 18.41%.

Son Su-jin, Head of ETF Pension Marketing at Mirae Asset Global Investments, said, "Surpassing 1 trillion KRW in default option fund assets under management is a symbolic achievement that demonstrates investors' trust in Mirae Asset's asset allocation philosophy and management capabilities." She added, "We will continue to do our best to provide responsible investment products for investors' stable retirement preparation."