Mirae Asset Renames Two TIGER ETFs to Enhance Intuitiveness of Investment Targets

Mirae Asset Global Investments announced on the 11th that it will change the names of two TIGER ETFs to enhance intuitiveness regarding their investment targets.

The TIGER Investment Grade Corporate Bond Active ETF will be renamed 'TIGER High-Quality Corporate Bond Active ETF.' It selectively invests in high-quality bonds rated A- or higher among domestic other financial bonds and corporate bonds. Since its listing in 2022, it has consistently delivered stable returns outperforming the benchmark index by selecting stocks based on thorough credit analysis.

The name change was made to clearly convey the ETF's characteristic of investing in bonds with a credit quality higher than investment grade (BBB- or above), specifically 'A- or higher' bonds. Investors are expected to intuitively understand the nature of this ETF, which invests in high-quality corporate bonds and seeks stable interest income.

The distribution method will also change. Previously, dividends were reinvested, but considering the steady coupon income generated by bonds, it will switch to a monthly dividend type.

Choi Jin-young, Head of Bond Management Division 1 at Mirae Asset Global Investments, said, "As demand for monthly dividend products increases recently, we expect growing interest from individual investors in this domestic leading active corporate bond investment ETF, which has been recording stable returns."

The TIGER Global Metaverse Active ETF will be renamed 'TIGER Global AI Platform Active ETF.' Listed in 2021, this ETF was the first domestic product investing in global metaverse companies. Due to market and industry changes, these companies are transforming into AI platform providers. They currently play a key role in the inference area, a trend in the AI market, and long-term growth is expected.

Yu Ui-hyung, Head of Global Operations at Mirae Asset Global Investments, introduced, "The name change will enhance intuitiveness regarding the investment targets and enable proactive response to the changing market." He added, "Through the ETF, it is possible to invest in innovative AI platform growth companies currently playing a core role in the AI market trend."

Mirae Asset Global Investments will hold a customer event to commemorate the name changes. Until the 9th of next month, customers who meet the daily trading conditions for the 'TIGER Global AI Platform Active ETF' at Korea Investment & Securities will be entered into a draw to receive cultural gift certificates.