[Asia Economy Reporter Junho Hwang] Mirae Asset Global Investments announced on the 5th that four monthly distribution ETFs have paid their first monthly dividends.
Mirae Asset Global Investments paid dividends for the first time on four ETFs: 'TIGER US Dow Jones 30 ETF (60 KRW per share)', 'TIGER US MSCI REITs (Synthetic H) ETF (40 KRW)', 'TIGER 200 Covered Call 5% OTM ETF (50 KRW)', and 'TIGER 200 Covered Call ATM ETF (65 KRW)'. The first monthly dividends were paid on the 2nd to investors holding these ETFs as of August 31.
As of July 29, Mirae Asset Global Investments changed the dividend payment date to be based on the last business day of each month. Previously, dividends were paid on the last business day of January, April, July, and October, as well as the ETF accounting period end date.
According to the Korea Securities Depository's securities information portal, SEIBRO, the distribution yield based on the closing price of the ETFs is 0.28%, 0.30%, 0.43%, and 0.73%, respectively.
Monthly distribution ETFs generate continuous income every month, making them suitable for retirees. They can also be used as reinvestment funds for various products such as innovation growth theme ETFs. Since dividend income tax is imposed on monthly dividends, investing through pension accounts with tax benefits can maximize advantages.
Namgi Kim, Head of ETF Operations at Mirae Asset Global Investments, said, "Due to recent interest rate hikes and increased market volatility, investors are paying more attention to income returns rather than capital gains. We will strive to help retirees and conservative investors by launching various additional monthly distribution ETFs in the future."
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