Mirae Asset Global Investments Surpasses 50 Trillion Won in Pension Assets

Leading the Pension Market Across All Sectors
TDFs, ETFs, Default Options, and AI Robo-Advisors

Mirae Asset Global Investments announced on January 19 that, as of the end of last year, the total size of its pension assets-combining TDFs and other pension funds with ETFs within pension accounts-has surpassed 50 trillion won.

As of the end of last year, Mirae Asset Global Investments' pension assets under management totaled 52.0638 trillion won based on net asset value. The company currently ranks first in the market across all major pension product indicators, including TDFs, funds dedicated to the default option, and ETFs within pension accounts.

Mirae Asset Global Investments pioneered the pension fund market in Korea by introducing the country's first TDF (Target Date Fund) and TIF (Target Income Fund). Since then, it has demonstrated the effectiveness of TDFs through their long-term performance, driving market growth.

Regarding TDFs, the net asset value relative to the amount established increased by 2.8427 trillion won for the "Mirae Asset Strategic Allocation TDF" and by 302.2 billion won for the "Mirae Asset Asset Allocation with ETF TDF," totaling an increase of 3.1449 trillion won. The flagship product, Mirae Asset Strategic Allocation TDF 2045, has posted a cumulative return of 136.3% and an average annual return of 15.5% since its inception.

In the default option system, which was introduced to enhance the long-term returns of retirement pension subscribers, Mirae Asset Global Investments is leading the market by managing portfolios focused on TDFs and BFs (Balanced Funds) that balance volatility management and returns. The total market size for default options currently stands at 5.0938 trillion won, with Mirae Asset Global Investments managing 1.7628 trillion won, accounting for a 34.61% market share and ranking first in the industry.

As performance-based investments using ETFs are spreading in the pension market, TIGER ETFs continue to attract pension capital by diversifying products and improving investment accessibility. The net asset value of TIGER ETFs included in individual pension and retirement pension accounts at major distributors such as Mirae Asset Securities has reached 32.8483 trillion won.

This figure increased by more than 13.2738 trillion won last year. Within Mirae Asset Securities' pension accounts, investments in domestic equity-type ETFs such as TIGER 200, TIGER Semiconductor TOP10, and TIGER Shipbuilding TOP10 have expanded, offering pension investors more options beyond the traditional focus on major U.S. indices.

The company is also advancing the automation and sophistication of pension management through "M-ROBO," an AI-based robo-advisor for retirement pensions. "M-ROBO" provides customized management based on an individual's retirement timing and investment preferences, and has grown rapidly through expanded partnerships with major retirement pension providers. Since its launch, assets under management have surpassed 10 billion won. The service will mark its one-year anniversary this April.

Celebrating the 20th anniversary of the introduction of the retirement pension system, Mirae Asset Global Investments has established a comprehensive pension product and service framework encompassing TDFs, ETFs, default options, and AI robo-advisors in line with institutional changes. This approach reflects the company's view of pensions not as short-term financial products, but as long-term asset management tools for one's entire life.

Sung Taekyung, Head of Channel Marketing at Mirae Asset Global Investments, stated, "Surpassing 50 trillion won in pension assets is the result of long-term management performance built on customer trust," adding, "We will continue to support stable retirement asset growth for investors through long-term return-focused pension solutions."