Mirae Asset Global Investments announced on the 31st that its TIGER Exchange Traded Funds (ETFs) ranked first in cumulative net purchases by individual investors in the covered call ETF market in 2024.
According to the Korea Exchange, from January 1 to December 30, the total cumulative net purchases by individual investors across all domestic ETFs amounted to approximately KRW 19.6 trillion. Among these, covered call ETFs accounted for KRW 3.7 trillion. Strong buying momentum from individual investors in covered call ETFs continued throughout the year, increasing more than sevenfold compared to the previous year.
Among them, the total cumulative net purchases of TIGER covered call ETFs reached KRW 2 trillion, receiving overwhelming preference from individual investors. This is the largest scale among domestic asset management companies. Notably, the top three covered call ETFs by cumulative net purchases from individual investors during this period were all TIGER ETFs.
The ‘TIGER US 30-Year Treasury Covered Call Active (H) ETF’ ranked first with KRW 728.7 billion, followed by the ‘TIGER US Nasdaq 100 Target Daily Covered Call ETF’ and the ‘TIGER US Dividend Dow Jones Target Covered Call No. 2 ETF’ at KRW 414.7 billion and KRW 364.2 billion, respectively, taking second and third places. Additionally, the ‘TIGER US Tech TOP10 Target Covered Call ETF’ and the ‘TIGER US S&P 500 Target Daily Covered Call ETF’ were also listed among the top 10 ETFs.
Fueled by high interest from individual investors, TIGER covered call ETFs achieved remarkable growth this year. As of the 30th, the total net asset value of 12 TIGER covered call ETFs reached KRW 4.1 trillion, accounting for 61% of the total net assets of covered call ETFs (KRW 6.7 trillion). Among the products, the ‘TIGER US 30-Year Treasury Covered Call Active (H) ETF’ became the first covered call ETF listed domestically to surpass KRW 1 trillion in net assets. The ‘TIGER US Nasdaq 100 Target Daily Covered Call ETF,’ which complemented the limitations of existing covered call ETFs with a new option selling strategy, set a record for the highest individual net purchases on the day of its domestic ETF listing. The recently newly listed ‘TIGER Nvidia US Treasury Covered Call Balance (Synthetic) ETF’ attracted attention as a product combining Nvidia’s growth with the stability of the US 30-year Treasury bond.
Mirae Asset Global Investments plans to offer customized income solutions through various TIGER covered call ETFs in 2025 as well. In particular, with an increasing number of investors preferring steady cash flows, such as the baby boomer generation approaching retirement, the company intends to strive for stable investments.
Lee Kyung-jun, Head of Strategic ETF Management at Mirae Asset Global Investments, said, “TIGER ETFs pioneered a new market by introducing innovative covered call strategies for the first time in Korea. Amid uncertain economic conditions, the popularity of covered call ETFs is expected to continue next year, and we will work to provide stable investment opportunities through TIGER ETFs.”
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