Mirae Asset Management's 'TIGER US S&P500' Becomes First Domestic Listed Overseas Stock ETF to Surpass 5 Trillion KRW in Net Assets

Mirae Asset Global Investments announced on the 7th that the net assets of the ‘TIGER US S&P500 ETF’ have surpassed 5 trillion KRW.

According to the Korea Exchange, as of the closing price on the 6th of this month, the net assets of the ‘TIGER US S&P500 ETF’ stand at 5.2215 trillion KRW. This is the first time that a foreign stock-type exchange-traded fund (ETF) listed in Korea has exceeded 5 trillion KRW in net assets. It is currently the largest ‘S&P500’ index-tracking ETF listed in Asia.

The ‘TIGER US S&P500 ETF’ tracks the S&P500 index, one of the three major representative US indices alongside the Nasdaq 100 and Dow Jones 30. The S&P500 index includes large-cap stocks accounting for about 80% of the total US market capitalization, reflecting the overall state of the US economy.

This year, despite rising unemployment rates, the US stock market has continued its rally since the beginning of the year, supported by solid corporate earnings and economic indicators. Additionally, expectations have risen as the US central bank has officially entered an interest rate cut cycle this year. As of the previous day, the year-to-date return of the ‘TIGER US S&P500 ETF’ is 30.1%.

Amid increased interest in the US stock market, the ‘TIGER US S&P500 ETF’ has emerged as the most chosen ETF by domestic investors. This year alone, approximately 1.35 trillion KRW of net individual purchases have flowed in, ranking first in net individual purchases among all ETFs listed domestically this year.

Namho Kim, Head of the ETF Management Division 2 at Mirae Asset Global Investments, said, “It is a significant milestone in the history of domestic ETFs that the first overseas stock-type ETF listed in Korea has surpassed 5 trillion KRW in net assets and earned the title of Asia’s largest ‘S&P500 ETF.’ TIGER ETFs proactively provide the best solutions for US investments, and we will continue to strive to maintain competitiveness not only in Korea but also in the global ETF market.”

Meanwhile, to celebrate the net assets of the ‘TIGER US S&P500 ETF’ surpassing 5 trillion KRW, Mirae Asset Global Investments is holding an event for customers. From today until the 29th, 500 customers who certify their purchase of the ‘TIGER US S&P500 ETF’ will be selected by lottery to receive gifticons. Detailed event information can be found on the TIGER ETF website.