Mirae Asset 'TIGER US+% Premium' Series Surpasses 350 Billion KRW in Net Assets

Mirae Asset Global Investments announced on the 25th that the total net assets of the three types of the ‘TIGER US +% Premium ETF’ series have surpassed 350 billion KRW.

According to the Korea Exchange, as of the closing price on the 24th, the net assets of the ‘TIGER US Dividend +7% Premium Dow Jones ETF’ stand at 286.1 billion KRW. Since its listing in June last year, it has paid high monthly dividends based on strong fundamentals despite the high-interest-rate environment. It has rapidly grown, ranking 7th in net purchases by individuals among all domestic ETFs last year.

On the same day, the net assets of the ‘TIGER US Dividend +3% Premium Dow Jones ETF’ were recorded at 39.1 billion KRW. These two ETFs invest in the US Dividend Dow Jones Index, which includes 100 high-quality US dividend stocks. These are high-dividend companies recognized for their growth potential and financial soundness, having consistently paid dividends for over 10 years.

As the third product in the TIGER US +% Premium ETF series, the ‘TIGER US Tech TOP10 +10% Premium ETF,’ newly listed on the 16th, is also rapidly increasing in net assets. This ETF invests in the top 10 big tech companies within the US Nasdaq 100 Index and surpassed 30 billion KRW in net assets within 7 trading days after listing, recording 36.6 billion KRW as of the closing price on the 24th. With a cumulative net purchase by individuals of 22.8 billion KRW, it has attracted strong interest from individual investors since its launch.

The TIGER US +% Premium ETF series is a covered call ETF introduced by Mirae Asset Global Investments as the world’s first to adopt the ‘+% Premium’ strategy. Unlike typical covered call ETFs that sell 100% call options, the ‘+% Premium’ strategy adjusts the proportion of options sold to maintain a targeted premium. Investors can expect dividend yields that add a certain percentage (+%) to the underlying index’s annual average dividend yield. The extent of stock price appreciation and dividend income varies depending on the proportion of options sold.

Additionally, by diversifying the monthly dividend-type TIGER US +% Premium ETF series, investors can create a portfolio that receives dividends twice a month, every other week. The ‘TIGER US Tech TOP10 +10% Premium ETF’ is the first in Korea to pay dividends in the middle of each month. If invested together with existing monthly dividend ETFs like the ‘TIGER US Dividend +7% Premium Dow Jones ETF,’ which pays at the end of the month, it is possible to receive dividends twice a month. When dividend payment dates are spread out biweekly, investors can expect portfolio stabilization effects and the ability to devise various reinvestment strategies.

Kim Su-myeong, Senior Manager of the ETF Management Division at Mirae Asset Global Investments, explained, “This ETF series invests broadly in high-quality dividend stocks with strong defensive capabilities in bear markets and big tech stocks with high upward momentum, balancing growth and dividend stocks.” He added, “Receiving dividends biweekly shortens the cash flow cycle, allowing for more stable responses to stock market fluctuations. It also increases usability when cash is withdrawn for use.”