Mirae Asset Global Investments announced on June 13 that the 'TIGER 200 ETF' has surpassed 60 billion KRW in cumulative net purchases by individual investors so far this year.
According to the Korea Exchange, as of June 12, the cumulative net purchases by individuals in the TIGER 200 ETF since the beginning of the year amounted to 60.9 billion KRW. Since President Lee Jaemyung took office, policies aimed at enhancing corporate value, expanding shareholder returns, and resolving the Korea Discount, along with other measures to vitalize the capital market, have improved investor sentiment and led to continued buying activity.
The TIGER 200 ETF tracks the KOSPI200, Korea's leading index. The KOSPI200 is a benchmark index composed mainly of large-cap domestic stocks and is regarded as the core index that best reflects the overall performance of the Korean stock market. The TIGER 200 ETF is drawing attention as the simplest investment method to benefit from the new administration's stock market stimulus policies.
Amid the strong performance of the Korean stock market, the TIGER 200 ETF's returns have also been on a steady upward trend. According to Koscom ETF Check, as of June 12, the TIGER 200 ETF recorded a year-to-date return of 24.6%. This is the highest return among KOSPI200 ETFs listed in Korea with net assets exceeding 100 billion KRW. The TIGER 200 ETF's annual total expense ratio is 0.05%, the lowest in Korea, which can maximize investment returns over the long term.
Jung Hyun Jeong, Head of ETF Management at Mirae Asset Global Investments, stated, "As the Lee Jaemyung administration's stock market revitalization policies are being implemented in earnest, interest from foreign and institutional investors in the Korean stock market is growing again," adding, "The TIGER 200 ETF is emerging as a highly suitable investment tool for long-term investment, offering simple tracking of the benchmark index at a low cost."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
