The net worth of KCGI Asset Management's lifecycle asset allocation fund, "KCGI Freedom TDF Series (including TIF)," has surpassed 1 trillion won. It is the first among independent asset managers not affiliated with a financial holding company or a financial conglomerate.
According to KCGI Asset Management on the 2nd, the KCGI Freedom TDF Series' net worth stood at 1.007 trillion won as of the day. It took 5 years and 8 months since the fund's launch in Oct. 2020, and it marks the eighth entry by a domestic manager into the TDF "1 trillion club."
Net worth grew from 200 million won at launch to 147.7 billion won at the end of 2024 and 336.2 billion won at the end of last year, then surpassed 500 billion won in Apr. this year and exceeded 1 trillion won in about two months. As of the end of this year, the manager-by-manager TDF net worth ranking also rose from ninth to eighth.
Of the inflows, 85.1% came through the retirement pension channel. By vintage, TDF 2050 accounted for 46.7% of total inflows, the highest share.
KCGI Freedom Qualified TDF is a lifecycle asset allocation fund that automatically adjusts the stock and bond mix based on the remaining period after the subscriber selects a retirement target date. It currently manages vintages from 2030 to 2060 and TIF products.
A KCGI Asset Management official said, "Since launch, continuously renewing the mix of asset classes and continuing an asset allocation strategy that pursues both returns and stability have been translating into results," adding, "we will continue to expand our market share as a leading Korea-style active TDF."