Mirae Asset Launches New TIGER US Nasdaq 100 ETF Futures ETF

The First ETF Investing in Domestic ETF Futures
Lowest Fees, Low Tracking Error Investment in US Nasdaq 100

Mirae Asset Global Investments announced on the 19th that it will newly list the ‘TIGER US Nasdaq 100 ETF Futures ETF’ on the Korea Exchange.

The TIGER US Nasdaq 100 ETF Futures ETF is the first ETF in Korea to invest in ETF futures. It seeks the growth potential of the US Nasdaq 100, but since its underlying assets differ, it offers advantages distinct from the previously launched US Nasdaq 100 ETFs.

The KRX Nasdaq 100 ETF Futures Index, the underlying index of the ETF, tracks the performance of the TIGER Nasdaq 100 ETF Futures listed on the Korea Exchange futures market. Existing US Nasdaq 100 investment ETFs use stocks and futures listed in the US market as underlying assets, which causes differences such as trading time lag and market holidays. However, the TIGER US Nasdaq 100 ETF Futures ETF invests in futures listed on the domestic market, allowing investment at real-time prices similar to individual stock futures.

The TIGER US Nasdaq 100 ETF Futures ETF minimizes tracking error. Tracking error refers to the difference between the ETF market price and its actual value, an important factor to consider when investing in overseas equity ETFs. From the perspective of domestic investors, it allows investment in the US Nasdaq 100 ETF at the most transparent price, with iNAV (intrinsic net asset value) reflecting even US Nasdaq futures and pre-market fluctuations.

The TIGER US Nasdaq 100 ETF Futures ETF can maximize effectiveness when invested through a general individual account. In addition to its low tracking error, the total expense ratio is 0.0098% per year, the lowest among domestic US Nasdaq 100 related ETFs. Since it invests in ETF futures, it cannot be invested in through retirement pension accounts.

To commemorate the launch of the TIGER US Nasdaq 100 ETF Futures ETF, Mirae Asset Global Investments is conducting a listing event for trading customers. Customers who meet the daily trading conditions for this ETF at Eugene Investment & Securities will be entered into a draw to receive cultural gift certificates. Detailed event information can be found on each securities firm's website.

Kim Nam-ho, Head of the ETF Management Division 2 at Mirae Asset Global Investments, introduced, "This product is the first in Korea to invest 100% in ETF futures listed on the Korea Exchange, enabling US Nasdaq 100 ETF trading with low tracking error and the lowest fees. Through the TIGER US Nasdaq 100 ETF Futures ETF, which allows investment in the US Nasdaq 100 ETF at the most transparent price, investors can participate in the growth potential of the US stock market."