Samsung Asset Management's four KODEX TDF Active exchange-traded funds (ETFs) have a combined net asset value of more than 1 trillion won.

Samsung Asset Management said on May 19 that the combined net assets of the four KODEX TDF Active ETFs stood at 1.01 trillion won based on the May 18 close.

By product, the KODEX TDF 2050 Active Qualified had the largest net assets at 612.4 billion won. It was followed by the KODEX TDF 2060 Active Qualified at 159.7 billion won, the KODEX TDF 2040 Active Qualified at 153.2 billion won, and the KODEX TDF 2030 Active Qualified at 83.6 billion won.

The company said inflows were notable, led by the 2050 and 2060 vintage products, which have relatively more time left until retirement.

A feature of the KODEX TDF series is that investors can allocate up to 100 percent of assets to it in defined contribution (DC) and individual retirement pension (IRP) accounts.

Ordinary risk assets are limited to 70 percent of investments within retirement pension accounts, but these products were approved as "qualified TDFs" that meet regulators' standards, allowing use of the 30 percent portion allocated to safe assets.

TDFs have a glide path function that automatically adjusts the allocation between global stocks and bonds to match the retirement date. The company said investors can maintain long-term pension asset allocation without separately rebalancing their portfolios, making the funds highly useful as long-term investment tools within pension accounts.

Jeon Yong-woo (전용우), head of the Pension OCIO (outsourced investment management oversight) division at Samsung Asset Management, said, "Surpassing 1 trillion won in net assets this time is the result of TDF products in an ETF format being recognized for efficiency and stability." He added, "We are providing individual investors with a simple yet powerful pension solution."