Mirae Asset Global Investments' retirement pension robo-advisor service "M-ROBO" marked the first anniversary of providing services to individual retirement pension (IRP) subscribers.
Launched in Apr. last year as the first among domestic full-service asset managers, "M-ROBO" is a robo-advisor service that combines management's global asset allocation capabilities with a data-driven algorithm. It provides IRP subscribers with personalized asset allocation and portfolio management.
Since its launch, "M-ROBO" has shown rapid growth. As of the 5th of this month, assets under management (AUM) totaled about 16.3 billion won, and service-use accounts numbered 5,341.
"M-ROBO" automatically constructs and adjusts portfolios by reflecting a subscriber's investment profile and goals, as well as market conditions.
In particular, it applies a strategy of diversified investment in domestic and overseas assets through a portfolio based on global asset allocation. This helps subscribers with limited investment experience to more easily practice diversified and long-term investing.
"M-ROBO" has expanded the scope of its application through collaboration with retirement pension providers.
Starting with Hana Bank in Apr. last year, the service has been applied at NH NongHyup Bank, Industrial Bank of Korea (IBK), and KB Kookmin Bank, with additional collaborations with two providers planned for this year.
Seong Tae-kyung, head of channel marketing at Mirae Asset Global Investments, said, "Based on our global network and management know-how, we have been continuously introducing differentiated investment solutions in the retirement pension market," adding, "M-ROBO is a service designed to spread an investment-centered asset management culture in the retirement pension market."
He added, "We will continue to expand cooperation with retirement pension providers and support IRP subscribers' stable retirement preparation through more advanced asset allocation solutions."