NH-Amundi Asset Management noted that the net worth of its 'Hanaro TDF Series' has surpassed 600 billion won as of the 13th. TDF stands for Target Date Fund, a type of fund designed to gradually decrease the risk asset ratio and increase the safe asset ratio according to the target retirement date, allocating assets based on its year (vintage).
NH-Amundi Asset Management's Hanaro TDF surpassed a net worth of 500 billion won in early April and has grown by over 100 billion won in just four months.
NH-Amundi Asset Management explained that this is the result of long-term operational performance. As of the 8th, the 5-year revenue rates for the Hanaro TDF series by vintage were 62.19% for 2045, 60.3% for 2040, 52.58% for 2035, 44.54% for 2030, and 37.2% for 2025, all achieving the highest revenue rates in the industry.
Additionally, the 5-year Sharpe ratios among the Hanaro TDF series for vintages 2025, 2030, 2035, and 2040 ranked at the top within the industry. The Sharpe ratio is an indicator of return relative to risk, where a higher value indicates a lower volatility of revenue and a stable excess return.
NH-Amundi Asset Management explained that it has developed an asset allocation model optimized for the Korean life cycle through joint research with Allspring Asset Management (formerly Wells Fargo Asset Management), which launched the world's first TDF.
Kim Seok-hwan, head of the Global Solutions Team at NH-Amundi Asset Management, said, "Based on our collaboration with Allspring Asset Management, we are doing our best to improve the performance of Hanaro TDF," and added, "We will flexibly adjust the risk asset ratio according to market changes based on a long-term asset allocation strategy and continuously utilize a dynamic currency hedging strategy."