Mirae Asset launches world’s 1st passive target-date ETF

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Mirae Asset launches world’s 1st passive target-date ETF - Korea Economic Daily

Quick Summary:

Mirae Asset Global Investments Co.is set to introduce the world’s first passive target-date exchange-traded fund (ETF) this month to attract retirement savings with high expected returns in the early years and low fees, according to financial industry sources on Tuesday.

BEYOND REGULATORY LIMIT Under South Korean pension regulations, at least 30% of retirement assets must be allocated to low-risk investments like bonds, capping equity exposure at 70%.

The South Korean asset manager will list the target-date fund (TDF) on the Korea Exchange around mid-March under the name “TIGER TDF 2045,” said the sources.