Mirae Asset, 'TIGER Miguk Nasdaq 100 TR Chaegwon Honhab Fn' ETF Listing Event

[Asia Economy Reporter Hwang Yoon-joo] Mirae Asset Global Investments announced on the 6th that it will hold an event for customers trading the newly listed ‘TIGER US Nasdaq 100 TR Bond Mixed Fn ETF.’

The TIGER US Nasdaq 100 TR Bond Mixed Fn ETF is the first Nasdaq 100 bond mixed ETF in Korea, offering an investment product that combines the growth potential of Nasdaq with the stability of bonds in one.

This ETF diversifies investments with a 3:7 ratio between the long-term upward-trending US Nasdaq 100 stocks and Korean government bonds, respectively. It does not implement currency hedging, so the stock portion is affected by the KRW-USD exchange rate fluctuations. As a bond-mixed type, it also features 100% investability through retirement pensions.

The ETF’s benchmark index is the ‘FnGuide Nasdaq 100 Bond Mixed Index.’ This index is calculated by blending the daily returns of the ‘NASDAQ100 Total Return Index’ and the ‘KIS Government Bond 3-10 Year Total Return Index.’ Compared to stock indices like Nasdaq 100 and KOSPI, the Nasdaq 100 Bond Mixed Index offers superior returns relative to volatility and has a lower maximum drawdown from peak levels, making it suitable for conservative investors with a high aversion to losses in bear markets.

Unlike typical bond mixed ETFs that rebalance daily, the TIGER US Nasdaq 100 TR Bond Mixed Fn ETF adjusts the ratio back to 3:7 only when the stock portion exceeds 35% or falls below 25%, reducing trading costs and aiming to improve performance through trend following. Additionally, it uses a TR (Total Return) method that reinvests dividends, with no distributions and taxes incurred only at the time of sale, making it suitable for long-term investment.

The event will be held from July 6 to 29 at KB Securities and Daishin Securities for customers trading the TIGER US Nasdaq 100 TR Bond Mixed Fn ETF.

KB Securities will provide a KRW 10,000 cultural gift certificate to the first 25 customers who trade over KRW 100 million daily in the target ETF. Daishin Securities will give a KRW 10,000 cultural gift certificate to the first 3 customers who trade over KRW 100 million daily and a KRW 50,000 cultural gift certificate to the first 5 customers who trade over KRW 300 million daily. Detailed event information can be found on each securities firm’s website.