Mirae Asset Management's 2 US ETFs Surpass Total Net Assets of 6 Trillion Won... "Asia's No.1"

Mirae Asset Global Investments announced on the 25th that the total net assets of two TIGER exchange-traded funds (ETFs) tracking major U.S. indices have surpassed 6 trillion KRW, making them the largest in Asia.

According to the Korea Exchange, as of the closing price on the 24th, the net assets of the ‘TIGER US S&P500 ETF’ amount to 3.1063 trillion KRW. This ETF, which tracks the U.S. S&P500 index, has established itself as a representative means for domestic investors to invest in U.S. stocks. As of the 24th, its average daily trading value this year reaches approximately 27 billion KRW, boasting abundant liquidity. The higher the trading value and volume, the more investors can trade the ETF at their desired prices stably, based on ample liquidity.

The ‘TIGER US Nasdaq100 ETF,’ the first domestic ETF tracking the Nasdaq 100 index, is also a large-scale ETF with net assets exceeding 3 trillion KRW. As of the closing price on the 24th, its net assets stand at 3.0085 trillion KRW. Notably, this ETF is regarded as a successful case of long-term investment in U.S. stocks. The per-share price, which was 10,000 KRW at the time of listing in 2010, has now surpassed 100,000 KRW. It has risen more than tenfold in just over 13 years, demonstrating the benefits of long-term investment in U.S. stocks.

The two ETFs, ‘TIGER US S&P500 ETF’ and ‘TIGER US Nasdaq100 ETF,’ currently boast the largest scale in Asia. Among asset managers that have introduced ETFs tracking major U.S. indices such as the S&P500 and Nasdaq100 to the Asian ETF market, Mirae Asset Global Investments is the only one with a combined net asset total exceeding 6 trillion KRW for these two ETFs.

Mirae Asset Global Investments is distinguished in overseas investment ETFs based on its global network. Having entered overseas markets in 2003 as the first domestic asset manager to do so, Mirae Asset Global Investments manages 558 ETFs across 13 regions worldwide as of the end of March. The total assets under management reach 160 trillion KRW, which is larger than the entire domestic ETF market currently valued at 137 trillion KRW.

Namho Kim, Head of the FICC ETF Management Division at Mirae Asset Global Investments, stated, “TIGER ETFs have grown to become the largest in Asia by receiving overwhelming investor preference not only domestically but also in overseas investment ETFs such as in the U.S. Both stock price appreciation and dividend receipt are very important sources of returns in ETF investment. We will strive to create competitive products so that domestic investors can receive not only stock price gains but also high levels of dividends through TIGER ETFs without needing to choose offshore ETFs.”

Meanwhile, to celebrate achieving the largest scale in Asia for the ‘TIGER US S&P500 ETF’ and ‘TIGER US Nasdaq100 ETF,’ Mirae Asset Global Investments is conducting a customer appreciation event. Starting from the 29th of this month, customers who purchase these ETFs and certify their dividend receipt will be entered into a draw to receive gifticons. Detailed event information is available on the TIGER ETF website.