© Archyde.com. “A chance to buy very cheap right now”… What is an effective pension investment method? [차은지의 리치리치]
Choi Jong-jin, head of pension division at Mirae Asset Securities./ Photo = Choi Hyuk, reporter Hankyung.com The sun is shining once more on pension investment, which was neglected during the stock boom. Investors are turning their attention to annuities that allow long-term investment while lowering volatility amid growing uncertainty due to accelerated global interest rate hikes.
Choi Jong-jin, head of Mirae Asset Securities’ pension division, said, “Price adjustments due to market unrest like the present 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 prolonged and leads to a phenomenon of giving up buying or transferring to a sale, it might 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. He has been the head of the pension division since last year, and is in charge of 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 rational investment methods for pension asset management. The annuity is operated for a long period from the beginning 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 appropriately adjusting the ratio of investment assets (risky assets) and safe assets (non-risk assets) according to one’s life cycle and investment propensity. Those who can manage a fund (TRF) and have a stable investment propensity should increase the proportion of safe assets.”
In addition, “annuity is characterized by automatic distribution of time and diverse asset classes because there is money that comes in in installments,” he said. “It’s a great investment,” he added.
“Currently, we will rank the 7th largest pension business in the industry as the Top 3” Choi Jong-jin, head of pension division at Mirae Asset Securities. / Photo = Hankyung.com Reporter Choi Hyuk The US, which has 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 attempts, such as the first introduction of defined contribution (DC) for management performance pay and the first provision of exchange-traded funds (ETF) and REITs trading services for DC/individual retirement pension (IRP) subscribers. taking the lead for In fact, Mirae Asset Securities surpassed 25 trillion won in pension assets this year for the first time in the securities industry.
Director Choi cited the company’s active support as the background for Mirae Asset Securities’ competitiveness in the pension sector. He said, “The company recognized that pensions are an important market, and there was a lot of support, so we have been well discovering global high-quality assets to deliver the assets our financial affiliates have to customers. When it comes together as a whole, we can say that we are doing the pension business properly.”
He also emphasized the importance of follow-up care. He said, “We are providing differentiated services from general customer centers through a wired counseling organization called the Pension Wealth Management Center. there,” he said.
Lastly, Director Choi said that his future goal is to raise the pension business, which is currently the 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 now it has risen to the seventh place and will be able to catch up to the sixth place within the year,” he said. It is even more meaningful because we have purely improved our performance with our consulting capabilities alone,” he said.
Reporter Eunji Cha, Hankyung.com [email protected]
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