Mirae Asset Global Investments announced on the 24th that the newly listed maturity-matching TIGER ETFs recorded the largest net individual purchases on their listing day this year.
According to the Korea Exchange, as of the 23rd, individual investors net purchased 7.3 billion KRW of the ‘TIGER 25-10 Corporate Bond (A+ and above) Active’ ETF. This is the largest net individual purchase among the 24 newly listed ETFs this year on their listing day. The ‘TIGER 24-04 Corporate Bond (A+ and above) Active (453530)’, which was also listed on the same day, recorded net individual purchases of 2.3 billion KRW.
Considering that the total net individual purchases on listing day for the other 22 newly listed ETFs on the Korea Exchange this year, excluding the two maturity-matching TIGER ETFs ‘TIGER 25-10 Corporate Bond (A+ and above) Active’ and ‘TIGER 24-04 Corporate Bond (A+ and above) Active’, amounted to approximately 4 billion KRW, it is clear that the maturity-matching TIGER ETFs attracted overwhelming investor interest. In particular, amid a situation where corporate bonds continue to offer high interest rates, Mirae Asset Global Investments introduced new products with remaining maturities of 1 to 3 years, meeting investor demand. Currently, Mirae Asset Global Investments has a lineup of four maturity-matching TIGER ETFs, including the two newly launched products, as well as the ‘TIGER 24-10 Corporate Bond (A+ and above) Active ETF (447820)’ and the ‘TIGER 23-12 Government and Public Bond Active ETF (447780)’.
The ‘TIGER 25-10 Corporate Bond (A+ and above) Active’, which recorded the highest net individual purchase volume on its listing day this year, invests in corporate bonds rated A+ or higher maturing in October 2025. As of the 22nd, its maturity yield was 4.18%. The ‘TIGER 24-04 Corporate Bond (A+ and above) Active’ also invests in corporate bonds rated A+ or higher, with a maturity date and yield of April 2024 and 4.03% (as of the 22nd), respectively.
Maturity-matching ETFs are products that can realize the targeted yield if held until maturity regardless of market interest rate fluctuations. Additional purchases are possible until maturity, and if interest rates rise compared to the initial listing, investors can buy at the higher maturity yield level. Even if new investors make additional purchases, bonds are incorporated at the market maturity yield level at the time of setting, so the yield for existing investors is not significantly affected. During periods of falling interest rates after listing, investors can realize gains through early sales.
Investing through pension accounts also offers various tax benefits. When trading through ISA (Intermediary type), personal pension, or retirement pension (DC/IRP) accounts, taxation is deferred until withdrawal, and tax credits can be received. Additionally, unlike individual bond investments that generally require buying and selling through securities firms, these ETFs can be easily bought and sold like stocks.
Jung Seung-ho, manager of the ETF management division at Mirae Asset Global Investments, said, “The two newly listed maturity-matching TIGER ETFs have strengthened yields by diversifying across various issues while including those with attractive interest rates relative to credit ratings. We expect maturity-matching ETFs, which have many advantages compared to individual bond investments, to grow further in line with high investor interest.”
Meanwhile, Mirae Asset Global Investments is also running a commemorative event for customers trading the two newly launched maturity-matching ETFs. The event offers cultural gift certificates to customers who meet certain conditions at KB Securities (3/23?4/21) and Shinhan Investment Corp. (3/27?4/24). Detailed information can be found on each securities firm’s website.
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