No. 1 net inflow among TDF managers
Assets under management reach 1.87 trillion won
By Jung Yoon-hee, The Herald Business
Shinhan Asset Management announced Tuesday that its target-date fund series recorded the largest increase in assets under management among domestic TDF managers so far this year.
According to fund research firm Zeroin, assets under management in Shinhan Asset Management's Shinhan Maeum Pyeonhan Qualified TDF and Shinhan Pparun Daeeung Qualified TDF series grew by approximately 510.2 billion won ($330 million) from the start of the year through June 26, the largest increase among domestic TDF managers. Total assets under management for the Shinhan TDF series expanded to approximately 1.87 trillion won as a result.
Both series invest across equity exchange-traded funds listed in the United States and South Korea, global bonds, and other asset classes, executing an asset-allocation strategy calibrated to each investor's retirement date. The Shinhan Pparun Daeeung Qualified TDF is available in vintages ranging from 2030 to 2060, and investors can choose between currency-hedged and unhedged products.
Performance has also been strong. The Shinhan Pparun Daeeung Qualified TDF 2030 (H) posted a one-year return of 34.44 percent, well above the same-vintage average of 23.2 percent. The 2035 (H) vintage returned 32.47 percent and the 2040 (H) vintage returned 34.50 percent, surpassing their respective same-vintage averages of 26.59 percent and 30.22 percent.
Combined net assets for the two series also crossed 3 trillion won as of May 18, up more than 1 trillion won this year from 2.07 trillion won at the end of last year.
"A shift of retirement pension assets from principal-guaranteed products to performance-based products has been accelerating since the start of the year, driven by the rise in equity markets," said Kim Gyeong-il, head of Shinhan Asset Management's WM pension channel division. "The Shinhan Pparun Daeeung Qualified TDF can keep volatility lower than pure equity products while flexibly adjusting asset weightings to navigate various market conditions, making it a viable investment alternative not only for retirement pension investors but for general investors as well."
yuni@heraldcorp.com
