Target date funds grow exponentially amid population aging

Published: 25/08/2017
Target date funds grow exponentially amid population aging
Source: WWW.KOREAHERALD.COM

The South Korean market for so-called target date funds (TDFs) shot up this year from 2016 as investors are keen to prepare for post-retirement life amid low interest rates, a market tracker said Friday.According to fund researcher Zeroin, 37 TDF products with a net asset value of 1 billion won or more had a combined 378.7 billion won ($336 million) under their management as of Wednesday, more tha

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