Mirae Asset Global Investments announced on the 28th that the cumulative net purchase amount by individuals for the ‘TIGER Eunhaeng Gobaedang Plus TOP10 ETF’ has surpassed 100 billion KRW.
According to the Korea Exchange, as of the 27th, the cumulative net purchase amount by individuals for the TIGER Eunhaeng Gobaedang Plus TOP10 ETF stands at 133.8 billion KRW. The net asset size is 309.3 billion KRW. Since its listing in October 2023, funds from both individual and institutional investors have continuously flowed in, growing into a large-scale fund in about 1 year and 4 months.
The TIGER Eunhaeng Gobaedang Plus TOP10 ETF focuses on the top 10 high-dividend stocks by combining leading bank stocks, which are representative high-dividend stocks, with quality insurance stocks. It is composed of stocks among major domestic bank stocks that have paid cash dividends for three consecutive years and have high expected dividend yields. The portfolio includes 10 stocks in total, such as major financial holding companies and banks with a market capitalization of over 500 billion KRW like KB, Woori, Hana, and Shinhan, as well as high-dividend insurance stocks like Samsung Fire & Marine Insurance and Samsung Life Insurance.
Recently, as bank stocks have actively implemented shareholder return policies to execute value-up plans, the TIGER Eunhaeng Gobaedang Plus TOP10 ETF has recorded high returns. Its annual return last year was 33.9%, ranking first among domestic equity dividend and bank and financial sector ETFs.
As a monthly dividend ETF, the high distribution of the TIGER Eunhaeng Gobaedang Plus TOP10 ETF is also noteworthy. From January to September 2024, it paid a monthly dividend of 61 KRW per share, and from October to December, due to increases in quarterly and interim dividends of the holdings, it paid 73 KRW per share. The annual distribution yield is 5.7%.
Kim Byung-seok, Manager of ETF Management Division 1 at Mirae Asset Global Investments, explained, "With banks’ ongoing efforts to improve capital ratios and continuous execution of shareholder return policies, we expect positive results this year as well."
He added, "Amid recent changes in the taxation method for overseas equity funds, the TIGER Eunhaeng Gobaedang Plus TOP10 ETF is an equity ETF investing in leading domestic high-dividend stocks," and said, "Without any impact from the restructuring, investors can enjoy tax deferral effects on dividends and low tax rate benefits in ISA and pension accounts as before."
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