© Reuters. “Opportunity to buy very cheap at the moment”… What is an effective pension investment method? [차은지의 리치리치]
Choi Jong-jin, head of pension department at Mirae Asset Securities./ Photo = Choi Hyuk, Hankyung.com reporter The sun is shining again on pension investment, which was neglected during the stock boom. Investors are turning their attention to annuities that allow long-term investment while reducing volatility amid growing uncertainty caused by faster global interest rate rises.
Choi Jong-jin, head of Mirae Asset Securities’ pension department, said, “Price adjustments due to market disturbances such as the current one are a significant opportunity for pension investment.
He added, “However, it is not easy to make such a judgment in a difficult market situation.” “The price adjustment is positive, but if the period adjustment is long and leads to a phenomenon of stopping buying or transferring to sales, it could be the worst case for pension asset management there,” he added. “Long-term, diversified investment is the most reasonable for pension asset management”
After taking his first steps in the securities industry at Shinhan Investment Corp. in 2001, Choi moved to Mirae Asset Securities in 2007 and has been focusing on pensions since 2009. Since last year, he has served as the head of the pension department and is responsible for all pension-related tasks such as system, operation, business planning, consulting and customer service.
Director Choi mentioned that the recent pension investment trend of investors is that the proportion of exchange traded funds (ETFs) has increased and their understanding of global investment has increased. “Compared to the past, the proportion of funds has decreased, while the proportion of ETFs has increased,” he said.
Director Choi introduced that long-term investment and diversification are the most reasonable investment methods for pension asset management. The annuity is implemented for a long period from the start of society to retirement, so it is natural to make long-term investments and it is a reasonable way to prepare for old age because various investment assets can be distributed.
He said, “It is important to invest while properly adjusting the ratio of investment assets (risky assets) and safe assets (non-risky assets) according to one’s life cycle and investment inclination. Those who can fund management (TRF) and which has a stable investment trend should increase the proportion of safe assets.”
In addition, “an annuity is characterized by automatic distribution of time and various asset classes because money comes in in installments,” he said. “It’s a great investment,” he added.
“Currently, we will raise it to the top 3 in the industry’s 7th largest pension business” Choi Jong-jin, head of the pension department at Mirae Asset Securities. / Photo = Hankyung.com Reporter Choi Hyuk The United States, with a pension history of 200 years, is expanding its market by effectively absorbing the demand for pensions due to an aging population while going through fluctuations in the economic cycle , low interest rates, and economic crises.
Mirae Asset Securities also expanded the pension investment culture while continuing innovative efforts, such as the first introduction of defined contribution (DC) for managers’ performance pay and the first provision of exchange traded funds (ETF) and REITs trading services on for SD/individual retirement. pension subscribers (IRP) take the lead for In fact, Mirae Asset Securities was more than 25 trillion won in pension assets this year for the first time in the securities industry.
Director Choi referred to the company’s operational support as the background of Mirae Asset Securities’ competitiveness in the pension sector. He said, “The company recognized that pensions was an important market, and there was a lot of support, so we have been good at finding high quality global assets to provide the assets that our financial partners have for our customers. as a whole, it can be said that we are doing the pension business right.”
He also emphasized the importance of follow-up care. He said, “We provide differentiated services from general customer centers through a wired counseling organization called the Pension Wealth Management Center.
Finally, Director Choi said that his future goal is to raise the pension business, which is currently 7th in the industry, to the Top 3. “At the time of the merger with Daewoo Securities in 2017, Mirae Asset Securities’ pension business was ranked ninth in the industry, but has now risen to seventh and will be able to catch up to sixth within the year ,” he said. It’s even more meaningful because we’ve completely improved our performance with just our consulting capabilities,” he said.
Reporter Eunji Cha, Hankyung.com chachacha@hankyung.com
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