[Sponsored Report] Mirae Asset’s pension funds prove popular for consumers

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[Sponsored Report] Mirae Asset’s pension funds prove popular for consumers

Mirae Asset Global Investments is top ranked in the personal pension fund market with its lineup of numerous funds and stable profit earnings.

According to October statistics released by the Korea Financial Investment Association, the assets under management (AUM) of Mirae’s domestic personal pension funds totals 8.46 trillion won ($7.4 billion), a 1.6 billion won increase from last year. The annuity savings fund showed a sharp increase of 540 billion won in the last three months, ultimately recording a total 7.3 trillion won.

The AUM of Mirae Asset Global Invenstments’ personal pension fund recorded a 292 billion won increase this year, ranking first in the industry with a total 1.7 trillion won. The reason for this achievement is seen to be due to the wide variety of Mirae Asset’s funds.

Mirae Asset is currently managing 89 personal pension funds. The total number of personal pension funds in the market is 556, of which 62.8 percent are foreign funds. Among these 250 foreign personal pension funds, 21.6 percent belong to Mirae Asset Global Investments.

The company is also showing impressive profits. According to this month’s report published by KG Zeroin, Mirae Asset’s products listed as the top two by earnings among domestic stock funds with AUM above 1 billion won. Mirae Asset’s funds included in this list were the “MiraeAsset Value Equity Focus Feeder Investment Trust” (first), “MiraeAsset Growth Small-Medium Feeder Investment Trust” (second) and “MiraeAsset High Dividend Focus Feeder Investment Trust” (sixth). Additionally, Mirae Asset topped the list in different categories such as value stock, small-and medium-capitalization stock and stock dividends.

As Korea’s leading pension fund operating company, Mirae Asset Global Investments’ market share in the domestic pension fund market surpasses 20 percent. In this year’s New Year’s Message, CEO Park Hyeon-Joo encouraged employees to keep up with this performance, highlighting the importance of Mirae Asset’s role in developing stable pension assets for investors in an era of unprecedentedly low interest rates.

Mirae Asset has also organized the “Retirement Institute,” an establishment that analyzes domestic and global issues in pensions and retirement plans. The institute also creates educational materials and classes about investment and retirement pensions for working clients who wish to prepare in advance.

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