Mirae Asset, 'TIGER US Dividend Dow Jones ETF' Tops Individual Net Purchases

Mirae Asset Global Investments announced on the 28th that the ‘TIGER US Dividend Dow Jones ETF’ ranked first in net purchases by individual investors since the beginning of the year among domestic ETF products tracking the same index as the US-listed ‘Schwab US Dividend Equity ETF (SCHD).

According to the Korea Exchange, as of the 27th, the net purchase amount by individual investors for the ‘TIGER US Dividend Dow Jones ETF’ since the beginning of the year is 674.9 billion KRW. Among the five ETFs (including currency-hedged types) listed domestically that track the same underlying index, it ranks first in net purchases by individuals since the start of the year. Thanks to strong individual net buying, the ETF surpassed 1 trillion KRW in net assets within one year of its listing on June 20 last year. As of the 27th, its net assets stand at 1.2581 trillion KRW, the largest among the five similar products.

The ‘TIGER US Dividend Dow Jones ETF’ is a monthly distribution ETF that invests in high-quality, high-dividend companies with a history of paying dividends consistently for over 10 years and excellent dividend growth rates. Since its listing, it has paid an average monthly distribution of 34.8 KRW and currently records an annual distribution yield of approximately 3.74%. The underlying index of this product is the ‘Dow Jones US Dividend 100 Index,’ which is the same index tracked by the US-listed ‘Schwab US Dividend Equity ETF (SCHD).’ It has attracted significant interest from individual investors because it allows them to receive the high dividend income paid by the US SCHD ETF in monthly distributions.

The total expense ratio of the ‘TIGER US Dividend Dow Jones ETF’ is low at 0.01% per year, and as a large ETF with net assets of 1 trillion KRW, it reduces the burden of other costs, maximizing investment returns. ETFs with larger net asset sizes can reduce costs incurred from trading within the fund, thereby lowering trading fees and other expenses borne by investors.

Ham Min-jeong, manager of the ETF management division at Mirae Asset Global Investments, explained, "The TIGER US Dividend Dow Jones ETF invests in US dividend growth companies considering not only high dividend yields but also financial soundness and corporate growth potential. It is an attractive product for long-term investors as it offers both capital gains from the long-term upward trend of the US stock market and stable income received monthly."

Mirae Asset Global Investments is conducting a customer appreciation event for holders of the ‘TIGER US Dividend Dow Jones ETF.’ Until the 10th of next month, 100 participants who certify their purchase of the ETF will be selected by lottery to receive coffee and cake coupons. Detailed event information can be found on the TIGER ETF website.