Find the Best Fund Ahead of Default Option

2022 Asia Fund Awards - Winners

[Asia Economy Reporter Junho Hwang] The path to becoming a pension millionaire is opening in South Korea as well. Starting in the second half of this year, a default option will be introduced for this year's Defined Contribution (DC) and Individual Retirement Pension (IRP) plans, creating conditions for the birth of pension millionaires. This provides a way to actively manage retirement pensions that were previously just saved without attention due to lack of financial knowledge or busy livelihoods. Ahead of this era of change, Asia Economy awarded Target Date Funds (TDFs), which are expected to be key products of the default option, in three categories at the 13th Asia Fund Awards. Additionally, funds and asset management companies that showed outstanding performance in rapidly growing sectors last year such as Exchange Traded Funds (ETFs), overseas funds, and EMPs were also selected and awarded.

At the 13th Asia Fund Awards, the Grand Prize was awarded to Mirae Asset Global Investments. Among asset management companies with a combined public fund setting amount of over 300 billion KRW on average over three years and as of the evaluation date, including domestic active equities, domestic bonds, overseas equities, and overseas bonds, Mirae Asset received high scores in all areas such as setting amount, average balance, cash flow, and Sharpe ratio, earning the grand prize. Excellent companies and products in the Target Date Fund (TDF), Exchange Traded Fund (ETF), general public fund, and distributor categories were also awarded. The winners were selected through rigorous verification by a judging panel composed of the financial investment industry, regulatory authorities, academia, and fund rating agencies. This event was sponsored by the Financial Services Commission, Financial Supervisory Service, and Korea Financial Investment Association.

◆ Award Details

▲ Grand Prize

Mirae Asset Global Investments

▲ Best Asset Managers

TDF (Equity Mixed Type) - KB Asset Management

TDF (Bond Mixed Type) - Mirae Asset Global Investments

TDF (Growth Strategy Type) - Shinhan Asset Management

ETF - Korea Investment Management

▲ Best Funds

Overseas Fund - Samsung Asset Management Samsung Vietnam Fund

EMP - Kiwoom Investment Asset Management Kiwoom Global Bullio Multi-Asset EMP Fund

▲ Best Distributors

Korea Investment & Securities

Samsung Securities

KB Securities

◆ Inquiries - Asia Economy Editorial Department Securities Division

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