Mirae Asset Global Investments announced on the 28th that the net assets of the 'TIGER Eunhaeng Gobaedang Plus TOP10 ETF' have surpassed 200 billion KRW.
According to the Korea Exchange, as of the closing price on the 27th, the net assets of the TIGER Eunhaeng Gobaedang Plus TOP10 ETF recorded 233.8 billion KRW.
The ETF, newly listed in October 2023, is growing rapidly thanks to purchases by individual and institutional investors. Since the beginning of the year until the 27th, the cumulative net purchases by individuals exceeded 20 billion KRW, ranking first among high-dividend ETFs listed domestically. During the same period, more than 60 billion KRW flowed in from institutions such as pension funds and insurance companies.
The TIGER Eunhaeng Gobaedang Plus TOP10 ETF focuses on investing in the top 10 high-dividend stocks, including bank and insurance stocks. The ETF’s underlying index is the ‘FnGuide Eunhaeng Gobaedang Plus TOP10 Index.’ This index consists of domestic major bank stocks that have paid cash dividends for three consecutive years and have high expected dividend yields. It includes a total of 10 stocks such as major financial holding companies and banks with a free float market capitalization of over 500 billion KRW, including KB, Woori, Hana, Shinhan, and high-dividend insurance stocks like Samsung Fire & Marine Insurance and Samsung Life Insurance.
Another feature is that it is a monthly distribution ETF that pays the same dividend every month. Most high-dividend ETFs listed domestically pay dividends quarterly or annually. The TIGER Eunhaeng Gobaedang Plus TOP10 ETF paid a fixed dividend of 61 KRW every month from January to March this year. The expected annual dividend yield for this year is 6.1%. Investors can add stability to their investment portfolios through stable monthly cash flows. It is expected to be used as a source for reinvestment in various assets.
Amid growing attention to investments in companies with low price-to-book ratios (PBR), the TIGER Eunhaeng Gobaedang Plus TOP10 ETF shows the lowest PBR among all ETFs listed domestically. As of the 26th, the PBR of this ETF was 0.34, the lowest level among ETFs listed in Korea.
Mirae Asset Global Investments is conducting a quiz event in response to investors’ high interest in low PBR products such as the TIGER Eunhaeng Gobaedang Plus TOP10 ETF. Starting from the 1st of next month, participants who answer the quiz related to low PBR ETFs correctly on the TIGER ETF website will be entered into a draw to receive gifticons.
Kim Byung-seok, manager of the ETF Management Division at Mirae Asset Global Investments, explained, "Banks have both the willingness and capability to return value to shareholders based on low earnings volatility and accumulated capital." He added, "Strengthening shareholder returns is expected to lead to an increase in PBR," and said, "Through the TIGER Eunhaeng Gobaedang Plus TOP10 ETF, investors can expect capital gains and a high level of monthly dividends."
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