Samsung Asset Management said on the 3rd that 56.1 billion won ($561 million) flowed into its performance-based product, the Target Date Fund (TDF) series, in June. This makes it the top in terms of capital inflow among all domestic asset management companies' TDFs.
TDF is a global asset allocation fund that adjusts its portfolio according to the lifecycle, targeting the retirement point of the investor.
Samsung Asset Management cited high revenue as the reason for the largest capital inflow into the Samsung TDF series in the past month. The Samsung Korean-style TDF (H) series has maintained the highest revenue since the beginning of the year for all vintages. In particular, among the eight vintages ranging from 2020 to 2060, the 2035 and 2055 vintages are ranked second in revenue, while the other six have achieved the top revenue since the beginning of the year.
It is also explained that the fact that Samsung Asset Management currently holds the largest lineup of 28 different TDFs in the industry has accelerated the inflow of capital.
Shin Jae-gwang, executive director of Multi-Asset Management at Samsung Asset Management, said, "The Samsung TDF series, which has emerged as a convenient alternative for retirement investment, is the optimal solution for investors to prepare a stable and successful retirement fund," adding, "We will continue to develop various TDF products to support our clients' financial stability after retirement through the representative retirement preparation product, TDF."