Mirae Asset Daewoo announced on June 23 that its individual retirement plan (IRP) reserves exceeded 2 trillion won ($1.6 billion) for the first time in the securities industry. Mirae Asset Daewoo's IRP reserves stood at 2.001 trillion won as of June 18, up 27.4 percent from 1.57 trillion won at the end of last year.
As a result, Mirae Asset Daewoo's retirement pension reserves, including defined benefit (DB), defined contribution (DC), and IRP, totaled 10.9718 trillion won. In addition, total pension assets, including personal pensions, reached 14.7 trillion won, likely to surpass 15 trillion won sooner or later.
Differentiated pension products, good returns, consulting expertise and infrastructure convenience are analyzed in the market as reasons for the increase in reserves. Mirae Asset Daewoo is the only one among all retirement pension operators to trade listed REITs in the IRP account.
As interest rates are approaching zero percent, stable dividend investment through real estate REITs is in the spotlight, and new funds are rapidly increasing, according to market analysts.
In addition, with the recent expansion of market volatility, the number of asset management customers through ETFs is increasing, given that there is no separate commission for trading ETFs in IRP accounts and that timely trading is possible.
