Mirae Asset's Asia's Largest 'TIGER US S&P500 ETF' Surpasses 8 Trillion KRW in Net Assets

Mirae Asset Global Investments announced on the 14th that the 'TIGER US S&P500 ETF' has surpassed 8 trillion KRW in net assets.

According to the Korea Exchange, as of the 13th, the net assets of the TIGER US S&P500 ETF recorded 8.007 trillion KRW. This is the first time that an overseas stock-type ETF listed domestically has exceeded 8 trillion KRW in net assets.

The TIGER US S&P500 ETF is the largest ETF in Asia tracking the S&P500 index, one of the three major representative indices in the US. The S&P500 index includes large-cap stocks accounting for about 80% of the total US market capitalization. It allows investment across the entire US economy and is considered an entry method for domestic investors to invest in US stocks.

As of the 13th, approximately 427.9 billion KRW of individual investor funds have flowed into the 'TIGER US S&P500 ETF' since the beginning of the year, making it the number one in cumulative net purchases by individuals among ETFs listed domestically. Last year, it was also the top in annual cumulative net purchases by individuals, earning the title of 'The Most Loved ETF by Koreans in 2024.'

In response to the strong support from investors and to further expand US stock investment opportunities, Mirae Asset Global Investments recently lowered the total expense ratio of the TIGER US S&P500 ETF from 0.07% per annum to 0.0068%. According to the Korea Financial Investment Association, as of the end of January, the TER (total expense ratio + other costs) of the TIGER US S&P500 ETF is 0.0868%. Including trading/brokerage fees (0.0519%), the actual cost burden for investors is 0.1387%, which is the lowest level among US S&P500 ETFs listed domestically.

Kim Nam-gi, Vice President of the ETF Management Division at Mirae Asset Global Investments, explained, "Based on the long-standing trust of investors, TIGER US S&P500 has grown into the largest domestic equity fund and the largest S&P500 ETF in Asia." He added, "We recently made a significant fee reduction to increase returns for long-term investors. Going forward, we will continue to minimize other costs and trading expenses to create an era where investors can invest in the largest S&P500 ETF in Asia at minimal costs."