Retail government bonds introduced; ETF lineup grows to 58 products

NH NongHyup Bank headquarters. [NH NongHyup Bank]
NH NongHyup Bank headquarters. [NH NongHyup Bank]

NH NongHyup Bank is expanding investment options for retirement pension subscribers by strengthening its lineup of retail government bonds, ETFs and expert portfolio services.

The bank announced Tuesday it has revamped its retirement pension management support framework, introducing retail government bonds for pension accounts and broadening its ETF product range. This month it launched retirement pension-dedicated retail government bonds, aiming to give subscribers an additional long-term investment option between principal-guaranteed and performance-based products.

The bank is also expanding its ETF offerings. After launching 22 retirement pension ETFs in July, it plans to add 36 more products in October. The additions will include ETFs from Timefolio Asset Management and broaden the investment scope to cover domestic and overseas shares, bonds, and industry and thematic sectors.

NH NongHyup Bank is also expanding its expert portfolio service, which selects products suited to each customer's investment profile based on market analysis and research. The bank said its aggressive-type expert portfolio posted a return of 40.11 percent in the first half of this year.

The bank said it ranked first in returns among the five major commercial banks for non-principal-guaranteed retirement pension products for three consecutive quarters, based on disclosures on the Financial Supervisory Service's integrated pension portal.

"Retirement pensions are an important asset that underpins customers' stable retirement, so systematic management support that balances safety and profitability is essential," said Park Hyeon-dong, executive vice president of NH NongHyup Bank's investment products division. "We will continue to expand our diverse product lineup and professional portfolio services tailored to each customer's investment goals and risk profile, and do our utmost to improve the actual returns on their retirement pensions."

Meanwhile, Shinhan Bank and Hana Bank also began selling 10-year and 20-year retail government bonds through DC and IRP accounts this month. Three banks now offer retirement pension-type retail government bonds: Shinhan Bank, Hana Bank and NH NongHyup Bank.


rim@heraldcorp.com