Mirae Asset's TIGER Bank High Dividend Plus TOP10 Surpasses 100 Billion KRW in Net Assets

Mirae Asset Global Investments announced on the 15th that the net assets of the 'TIGER Eunhaeng Gobaedang Plus TOP10 ETF' have surpassed 100 billion KRW.

According to the Korea Exchange, as of the closing price on the 12th, the net assets of the 'TIGER Eunhaeng Gobaedang Plus TOP10 ETF' stand at 117.4 billion KRW. Since its listing in October last year, individual investors have flocked to the ETF, pushing net assets beyond 100 billion KRW within three months.

The 'TIGER Eunhaeng Gobaedang Plus TOP10 ETF' is gaining attention for its differentiated stock composition strategy and high dividend yield. It excludes large bank stocks with low dividend yields and invests in banks that have paid dividends for more than three consecutive years. It aims for a higher dividend yield compared to existing bank sector and high-dividend ETFs. As of the end of last year, the expected annual dividend yield was 7.2%.

Another notable feature is that it is a monthly dividend-paying ETF. Most high-dividend ETFs listed domestically pay dividends quarterly or annually. Although the TIGER Eunhaeng Gobaedang Plus TOP10 ETF was initially listed with quarterly payments, Mirae Asset Global Investments changed the payment frequency to monthly in response to strong investor interest in monthly dividend ETFs. Starting with the first monthly dividend payment at the end of this month, a fixed dividend will be paid every month. Investors can enhance the stability of their investment portfolios through steady monthly cash flow, which can also be used as reinvestment capital across various assets.

Kim Byung-seok, manager of the ETF Management Division at Mirae Asset Global Investments, stated, "Existing quarterly and annual dividend policies inevitably have lower utility compared to monthly dividends due to long payment intervals and unpredictable dividend amounts." He added, "The TIGER Eunhaeng Gobaedang Plus TOP10 ETF pays dividends sourced from stock dividends. We plan to provide a consistent level of monthly dividends through cash management using short-term fund operations, such as leveraging higher preferential rates for institutions compared to personal deposit rates."