Mirae Asset Launches 'Korean Version of VT' ETF for Global Diversified Investment

TIGER Total World Stock Active ETF to Be Listed on June 24
Kim Namki Says, "It Will Become a Complete Global ETF"

Mirae Asset Global Investments announced on June 23 that it will launch South Korea’s first exchange-traded fund (ETF) that invests in stock markets around the world on June 24.

The TIGER Total World Stock Active ETF, which will be newly listed on the Korea Exchange, is the "Korean version of VT," tracking the same index as the Vanguard Total World Stock ETF listed in the United States. VT is a flagship product of the U.S. ETF manager Vanguard, with current net assets totaling 6.28 trillion KRW.

Kim Namki, head of ETF management at Mirae Asset Global Investments, stated, "The TIGER ETF lineup has expanded from ETFs tracking the Nasdaq 100 and S&P 500 in the U.S. to now cover the entire global stock market," emphasizing, "We are taking passive investment to the next level." He added, "The TIGER Total World Stock Active ETF will become a 'complete global ETF' that is essential for global investors."

The benchmark index for the TIGER Total World Stock Active ETF is the FTSE Global All Cap Index. This global equity benchmark consists of stocks from 48 developed and emerging countries, with more than 10,000 overseas stocks. The fund enables balanced and diversified investment across global markets, with a 60:40 allocation between U.S. and non-U.S. countries.

Emerald Yau of FTSE Russell, who attended the launch event for the TIGER Total World Stock Active ETF, commented, "There has been a strong inflow of funds into products tracking the FTSE Global All Cap Index this year, driven by growing demand for portfolio diversification." She added, "With the FTSE Global All Cap Index now available through the TIGER ETF, Korean investors will have a broader range of investment options."

Jung Hyun, head of ETF management at Mirae Asset Global Investments, said, "With South Korean investors’ allocation to U.S. stocks exceeding 90%, it is now time for global diversification." He introduced the TIGER Total World Stock Active ETF as an alternative to portfolios that are heavily weighted towards the U.S.

He further explained, "This ETF allows investors to participate in the structural growth of the global economy in a balanced way," and described it as a "World in One ETF" that enables investors to bet on the entire global economy with a single product.

The TIGER Total World Stock Active ETF is expected to be a suitable solution for long-term investors and pension account holders, thanks to its high diversification and low volatility. As of June 20, the FTSE Global All Cap Index has returned 389.77% since its inception at the end of 2002, maintaining an upward trend. Despite increased global volatility this year, the index has delivered a 5.18% return since the beginning of the year, outperforming the S&P 500’s 1.47% return over the same period.