NH-Amundi (Amundi) Asset Management announced on the 15th that it plans to change the strategy of its lifecycle fund (TDF) "Hanarot TDF 2025" to optimize it for retirement investors receiving pensions.
NH-Amundi Asset Management held a seminar for retirement asset management strategies at the Korea Financial Investment Association in Yeouido, Seoul, on this day. The three-year revenue of Hanarot TDF 2025 is 26.36%, and the five-year revenue is 41.2%, placing it among the top tier in the TDF 2025 product group.
NH-Amundi (Amundi) Asset Management is managing the Hanarot TDF series in consultation with Ulsping (formerly Wells Fargo) Asset Management. Ulsping Asset Management launched the world’s first TDF in 1994. The total net worth of the Hanarot TDF series increased to 531.6 billion won as of the 13th of this month.
Joseph Sullivan, CEO of Ulsping Asset Management, noted, "I congratulate the first target date of the Hanarot TDF and the net worth surpassing 500 billion won," and said, "I am pleased to be able to share over 30 years of TDF management expertise."
In the United States, it has been shown that retired individuals continue to manage their retirement pensions with TDFs, etc. Even after 17 years of retirement pension withdrawal, 33% of retirees found that their retirement pension assets actually increased. Ulsping Asset Management advised setting an appropriate withdrawal rate for retirement fund management and maintaining a stock allocation ratio of around 40% in assets to reduce the possibility of pension depletion.
Shin Yong-in, Vice President of Marketing at NH-Amundi Asset Management, stated, "Market volatility is greater than ever, and the concerns of investors nearing retirement or who have retired are deepening," and expressed hope that they will utilize Hanarot TDF as a method for steadily and stably managing funds after retirement.