TIGER Two US Major Index ETFs, Total Expense Ratio Reduced from 0.07% to 0.0068%

Asia's Largest 'TIGER US S&P500' and 'TIGER US Nasdaq100'
Contributing to Broader Access to US Stock Investment and Enhanced Long-Term Performance

Mirae Asset Global Investments announced on the 6th that it will lower the total expense ratio of two of Asia's largest U.S. benchmark index ETFs, the ‘TIGER US S&P500 ETF’ and the ‘TIGER US Nasdaq100 ETF,’ to an annual rate of 0.0068%. This is the lowest expense ratio among ETFs listed in Korea.

The total expense ratio for the TIGER US S&P500 ETF and TIGER US Nasdaq100 ETF will be reduced from 0.07% per year to 0.0068%, which is one-tenth of the previous rate. This marks the first reduction in about four years since it was lowered from 0.3% to 0.07% in November 2020.

The fee reduction is to reward investors' strong support for the TIGER US benchmark index ETFs and to further expand investment opportunities in U.S. stocks. The TIGER US S&P500 ETF was the ‘most loved ETF by Koreans’ last year, ranking first in cumulative net purchases by individuals among all domestic ETFs. Due to strong buying demand, both the TIGER US S&P500 ETF and TIGER US Nasdaq100 ETF have become the largest in Asia. Mirae Asset Global Investments has grown into a global asset manager representing Asia.

The TIGER US S&P500 and TIGER US Nasdaq100 ETFs benefit from the growth of the U.S. stock market while also providing stable cash flow. They adhere to the principle of distributing excess returns over the underlying index quarterly without impairing the principal. Through this, they maintain excellent fund performance over the long term. In particular, with this fee reduction, it is expected to provide an optimal solution given the long-term investment nature of U.S. benchmark index ETFs.

Kim Nam-gi, Head of ETF Management at Mirae Asset Global Investments, said, "Since entering the domestic ETF market in 2006, TIGER ETFs have grown into Asia’s leading ETF brand thanks to investors' love. Now, we sincerely want to repay that love."

He added, "As a long-term investment partner for customers, TIGER ETFs will strive to create an era where domestic investors can invest in U.S. benchmark indices at minimal cost."