Mirae Asset Global Investments TIGER ETF Surpasses 30 Trillion KRW in Net Assets

[Asia Economy Reporter Hwang Yoon-joo] Mirae Asset Global Investments announced on the 17th that the total net assets of TIGER Exchange Traded Funds (ETFs) have surpassed 30 trillion KRW.

According to the Korea Exchange, as of the closing price on the 16th, the total net assets of 142 TIGER ETF listings amounted to 30.0481 trillion KRW. This represents an increase of 3.8113 trillion KRW since the beginning of the year. Considering that the domestic ETF market grew by 3.6405 trillion KRW during the same period, TIGER ETFs have effectively driven the domestic ETF market.

Mirae Asset Global Investments started the TIGER ETF series in 2006 by listing three products on the Korea Exchange. While the ETF market had been dominated by products tracking major market indices, Mirae Asset Global Investments expanded the lineup by launching various ETFs themed around sectors and themes, providing a portfolio capable of global asset allocation solely through TIGER ETFs.

Furthermore, Mirae Asset Global Investments established a global ETF network by acquiring Canada’s Horizons ETFs in 2011, the U.S. Global X in 2018, and Australia’s ETF Securities in 2022. Leveraging this network, it has introduced a diverse range of ETFs to the domestic market.

The ETF with the largest increase in net assets this year is the ‘TIGER U.S. S&P 500 ETF,’ which saw net assets grow by 688.2 billion KRW since the start of the year. This ETF tracks the ‘S&P 500’ index, one of the three major U.S. benchmark indices that reflect the overall U.S. economic situation.

Following the TIGER U.S. S&P 500 ETF, net assets increased by 522.1 billion KRW for the ‘TIGER U.S. Philadelphia Semiconductor Nasdaq ETF’ and 474 billion KRW for the ‘TIGER U.S. Nasdaq 100 ETF’.

In addition, Mirae Asset Global Investments manages ten ETFs with net assets exceeding 1 trillion KRW, including the ‘TIGER China Electric Vehicle SOLACTIVE ETF,’ ‘TIGER U.S. Nasdaq 100 ETF,’ and ‘TIGER 200.’

The scale of Mirae Asset Global Investments’ global ETF assets under management is also growing rapidly. As of the end of July this year, the global ETF AUM reached 110.8213 trillion KRW, growing more than fivefold from 21.36 trillion KRW at the end of 2017. Horizons ETFs, which was about 3.6 trillion KRW at the time of acquisition in 2011, has grown over sixfold to 22 trillion KRW, and Global X has also expanded from approximately 10 trillion KRW at acquisition in 2018 to 51 trillion KRW, a more than fivefold increase.

Kwon Oh-sung, Head of ETF Marketing at Mirae Asset Global Investments, stated, "Mirae Asset will continue to discover and introduce products suitable for long-term investment, including global innovation growth themes and income-type ETFs, to investors."