NH-Amundi's Hanaro TDF Series Surpasses 600 Billion KRW in Net Assets

Five-Year Returns and Sharpe Ratios Across All Vintages Excel
Proven Management Capabilities Drive Growth in Default Option Funds

NH-Amundi Asset Management announced on August 13 that the total net assets of the 'Hanaro TDF Series' have surpassed 600 billion KRW.

According to Shinhan Fund Partners, as of August 8, the total net assets of the Hanaro TDF Series stood at 613.7 billion KRW. This marks an increase of more than 100 billion KRW in just four months, as the net assets were 500 billion KRW at the beginning of April this year. The steady growth in net assets is attributed to stable and outstanding management performance.

The Hanaro TDF Series ranks among the top performers in the industry in terms of long-term returns. As of August 8, the five-year returns by vintage were 62.19% for TDF2045, 60.3% for TDF2040, 52.58% for TDF2035, 44.54% for TDF2030, and 37.2% for TDF2025.

The series has also demonstrated its competitiveness as a long-term investment product by delivering excellent results within the industry. TDF stands for Target Date Fund. It is a pension-focused fund that allocates assets by gradually reducing the proportion of risky assets and increasing the proportion of safe assets, based on the designated year (vintage) corresponding to the expected retirement date.

Due to the nature of pension products, long-term performance is considered a more critical evaluation criterion than short-term results. In particular, the Hanaro TDF Series has shown not only high returns but also strong performance in the Sharpe ratio, an indicator of stability. The five-year Sharpe ratios for the 2025, 2030, 2035, and 2040 vintages ranked among the highest in the industry. The Sharpe ratio measures return relative to risk; a higher ratio indicates stable excess returns with lower volatility.

Based on its strong performance and high stability ratings, the series has continued to attract funds through the retirement pension default option. This year alone, an additional 54.3 billion KRW has been added via the default option, which automatically allocates funds to pre-designated products when retirement pension subscribers do not provide separate instructions.

The total amount set in the Hanaro TDF Series has reached 440 billion KRW. Hanaro TDF incorporates approximately 30 years of global TDF management expertise through advisory from Allspring Asset Management (formerly Wells Fargo Asset Management), the world's first TDF provider. NH-Amundi Asset Management has developed an asset allocation model optimized for the Korean life cycle through joint research with Allspring.

The series also employs a dynamic risk management strategy that enables defensive responses during periods of increased volatility, such as sharp market downturns. Kim Seokhwan, Head of the Global Solutions Team at NH-Amundi Asset Management, stated, "We are doing our utmost to improve the performance of Hanaro TDF through collaboration with Allspring Asset Management."

He added, "Based on a long-term asset allocation strategy, we flexibly adjust the proportion of risky assets according to market changes and actively respond to currency volatility. We will continue to utilize a dynamic currency hedging strategy."