Mirae Asset Lists New 'TIGER KRX Gold Spot ETF'

Mirae Asset Global Investments announced on the 24th that it will newly list the 'TIGER KRX Gold Spot ETF (0072R0)' on the Korea Exchange.

The TIGER KRX Gold Spot ETF is a gold spot ETF that invests in the KRX Gold Market. Its underlying index, the KRX Gold Spot Index, best reflects gold prices in Korea. The KRX Gold Market actually includes high-quality gold with a purity of 99.99%, certified by Korea Minting, Security Printing & ID Card Operating Corporation, in the fund, and the physical gold is securely stored by the Korea Securities Depository.

The total expense ratio for the TIGER KRX Gold Spot ETF is 0.15% per annum, which is the lowest among gold investment ETFs listed in Korea. It is a physical ETF that actually includes gold in the fund and stores it in a nationally certified vault. This structure minimizes costs such as double fees. In contrast, gold ETFs listed in Korea that are based on international gold prices cannot actually hold gold in the fund and instead have an indirect structure that invests in overseas-listed gold ETFs. As a result, additional fees must be collected in Korea, which can lead to double fees.

Gold spot ETFs can be easily invested in through a securities account, and even small amounts can be invested. Investors can enjoy the same effect as physically holding gold. Gold investment can be made at a reasonable cost without the additional expenses involved in purchasing physical gold bars or the rollover costs required for managing gold futures ETFs.

Mirae Asset Global Investments has expertise in providing a variety of gold investment opportunities in the global ETF market. Its broad lineup includes the world's first gold spot ETF listed in Australia, 'Global X Physical Gold (GOLD AU)', as well as gold investment ETFs incorporating covered call strategies ('Global X Gold Yield'), and gold mining company investment ETFs ('Global X Gold Producers'), covering markets in the United States, Canada, India, and other countries worldwide.

The TIGER KRX Gold Spot ETF can also be invested in through pension accounts, making it a tax-efficient product. Since it invests in physical gold, up to 100% of personal pension accounts and up to 70% of retirement pension (DC, IRP) accounts can be allocated to this ETF. If you want to enjoy various tax benefits and the effect of low-cost long-term investment through your pension account, the 'TIGER KRX Gold Spot ETF' can be actively utilized.

Kim Namho, Head of Global ETF Management at Mirae Asset Global Investments, said, "Gold investment is drawing attention in increasingly volatile financial markets, and recently, it has been attracting attention for its high returns due to steady price increases." He added, "If you are considering long-term investment using gold as a safe asset, the 'TIGER KRX Gold Spot ETF', which offers the lowest costs in Korea, can be a good alternative."

To commemorate the launch of the 'TIGER KRX Gold Spot ETF', Mirae Asset Global Investments is holding a listing event for trading customers. Some customers who meet the daily trading conditions for this ETF at SK Securities will receive cultural gift certificates. In addition, customers who purchase and certify their investment in the 'TIGER KRX Gold Spot ETF' will be eligible for a prize draw. Detailed event information can be found on the respective securities company's website and the TIGER ETF homepage.