Individual Investors' AUM Accounts for 48.5%
Mirae Asset Global ETF Net Assets Total 151 Trillion Won
Mirae Asset Global Investments announced on the 11th that the total net asset value of TIGER ETFs surpassed 50 trillion KRW as of the 8th.
According to the Korea Exchange, the combined net assets of 184 TIGER ETFs stood at 50.0226 trillion KRW based on the closing price on the 8th. This milestone comes 18 years after TIGER ETFs entered the domestic ETF market in 2006. Among the 27 large-scale ETFs listed domestically with assets exceeding 1 trillion KRW, including the ‘TIGER CD Interest Rate Investment KIS (Synthetic) ETF,’ 11 are counted as TIGER ETFs.
Mirae Asset Global Investments is rapidly growing by introducing various innovative growth theme ETFs leading trends such as semiconductors, artificial intelligence (AI), and secondary batteries. TIGER ETFs have particularly stood out in equity ETFs, including the ‘TIGER U.S. Philadelphia Semiconductor Nasdaq ETF’ and the ‘TIGER U.S. Tech TOP10 INDXX ETF.’ As of the end of last month, the total net assets of domestic equity TIGER ETFs reached 22.5605 trillion KRW, ranking first among domestic asset management companies.
Recently, Mirae Asset Global Investments has focused on providing diverse investment opportunities by discovering differentiated products such as ‘domestic first’ and ‘world first’ beyond expanding its product lineup. Representative examples include the ‘TIGER 1-Year Bank Negotiable Certificate of Deposit Active (Synthetic) ETF,’ which tracks the 1-year CD interest rate and aims for higher returns compared to existing interest rate ETFs; the ‘TIGER U.S. +% Premium ETF Series,’ which adjusts the proportion of option selling to achieve targeted income returns; and the ‘TIGER U.S. Tech TOP10 +10% Premium ETF,’ which pays dividends mid-month monthly to create a biweekly monthly dividend portfolio.
Individual investors’ preference for TIGER ETFs is increasing steadily. According to the Korea Exchange, as of the end of last month, the total net assets of all ETFs listed domestically amounted to approximately 133 trillion KRW. The amount held by individual investors was 29.9182 trillion KRW, with TIGER ETFs accounting for 14.5171 trillion KRW, representing 48.5%. This ranks first among domestic asset management companies, meaning half of the ETFs held by individual investors are TIGER ETFs. This is a significant increase compared to the 19.5% market share of individual investor assets under management (AUM) in TIGER ETFs at the end of 2019.
TIGER ETFs are expected to grow further based on Mirae Asset Global Investments’ global network. As of the end of February, the total net assets of ETFs managed by Mirae Asset Global Investments worldwide reached 151 trillion KRW. Recently, Mirae Asset Global Investments unified its overseas ETF brands under ‘Global X,’ and the brand value in the global ETF market is expected to be further strengthened. TIGER ETFs plan to introduce more innovative products to domestic investors through collaboration with Global X.
Lee Jun-yong, Vice Chairman and CEO of Mirae Asset Global Investments, said, “Mirae Asset Global Investments has focused on developing competitive products based on the philosophy of long-term investment, anticipating growth in the pension market. Going forward, as a global top-tier ETF manager, we will continue to discover innovative products and faithfully serve as a long-term investment partner for investors.”
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