According to the Korea Exchange, on April 29, the listing day of the TIGER US Ultra-Short-Term (3 Months or Less) Treasury Bond ETF, net individual purchases reached 5.6 billion KRW. This is the largest net individual purchase amount ever recorded on the listing day of any overseas bond ETF listed in Korea. It is also the first overseas bond ETF to record net individual purchases exceeding 5 billion KRW on its listing day.
The TIGER US Ultra-Short-Term (3 Months or Less) Treasury Bond ETF tracks the same underlying index as BlackRock's 'iShares Ultra Short-Term Treasury Bond (SGOV)' ETF, making it the 'Korea version of the SGOV ETF.' The SGOV ETF, with total assets of 44.8 billion USD (approximately 64 trillion KRW), is a short-term fund product that invests in US Treasury bonds with a remaining maturity of three months or less. It pays monthly bond interest in the form of dividends, making it highly popular among both domestic and international investors.
Amid growing investor interest in safe assets due to uncertainties in the stock and bond markets, the TIGER US Ultra-Short-Term (3 Months or Less) Treasury Bond ETF is the only ETF listed in Korea that invests 100% in US ultra-short-term Treasury bonds. US ultra-short-term Treasury bonds are risk-free assets issued by the US government, and since they consist solely of US Treasury bonds with maturities of three months or less, they offer both liquidity and stability.
The TIGER US Ultra-Short-Term (3 Months or Less) Treasury Bond ETF generates interest income even over short investment periods, allowing it to serve as a dollar parking account for short-term cash management. As a monthly dividend product, it provides stable cash flow through monthly distributions, and it can also be used as a temporary safe haven for funds during periods of heightened market volatility.
Kim Jinha, Head of Global Fixed Income at Mirae Asset Global Investments, stated, "The TIGER US Ultra-Short-Term (3 Months or Less) Treasury Bond ETF is a 'Korea version of the SGOV ETF' that can be traded in real-time during Korean market hours. It can be a tailored product for investors seeking to safely and flexibly manage funds for short-term investment purposes or idle cash through investment in US ultra-short-term Treasury bonds."
To commemorate the launch of the TIGER US Ultra-Short-Term (3 Months or Less) Treasury Bond ETF, Mirae Asset Global Investments is holding a listing event for trading customers. Until May 30, some customers who meet the daily trading conditions for this ETF at Daishin Securities will receive a cultural gift certificate.
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