TIGER ETFs Surpass KRW 70 Trillion in Net Assets
Balanced Growth in Both Domestic and Overseas Equity and Bond ETFs
Mirae Asset Global Investments announced on June 26 that its 'TIGER ETF' has surpassed KRW 70 trillion in total net assets, showing balanced growth in both domestic and overseas ETFs.
Mirae Asset Global Investments, the world's 12th largest ETF manager overseeing approximately KRW 220 trillion, has expanded investment opportunities for domestic investors by introducing innovative products based on its global network.
According to the Korea Exchange, as of the closing price on June 25, the combined net assets of 213 TIGER ETFs amounted to KRW 70.0751 trillion. This marks an increase of KRW 10 trillion in just seven months since surpassing KRW 60 trillion in November last year.
Since introducing Korea's first US benchmark index ETF, Mirae Asset Global Investments has grown the ▲TIGER US S&P500 ETF and ▲TIGER US Nasdaq100 ETF into the largest in Asia, establishing itself as a leading brand for US investments. In addition to the US, the company is also identifying diverse investment opportunities in countries such as China and India.
As of June 25, out of the KRW 50 trillion in net assets for overseas investment ETFs listed in Korea, TIGER ETFs accounted for KRW 25.3 trillion, ranking overwhelmingly first. Recently, the company launched Korea's first 'TIGER Total World Stock Active ETF,' which provides diversified investment in global stock markets in a single product, thereby offering new opportunities for global diversification. The 'TIGER China Tech TOP10 ETF,' which focuses on leading Chinese tech stocks, has improved access to promising Chinese innovative companies expected to achieve long-term growth.
Not only overseas equity ETFs but also bond ETFs have driven the growth of TIGER ETFs. The newly listed 'TIGER Money Market Active ETF' surpassed KRW 1 trillion in net assets within just two months of its launch this year. The 'TIGER Composite Bond (AA-or higher) Active ETF' recently exceeded KRW 1 trillion in net assets, backed by stable performance and strong demand from institutional investors.
Amid the rising domestic stock market, domestic equity TIGER ETFs have continued to attract steady buying from individual investors. The TIGER 200 ETF recorded approximately KRW 80 billion in cumulative net purchases by individuals since the beginning of the year as of June 25, supported by high trading volume and the lowest total expense ratio in Korea. The recently listed TIGER Korea Dividend Dow Jones ETF has emerged as a key beneficiary of the new government's Commercial Act amendment, attracting significant individual capital inflows.
Leveraging its global network, TIGER ETFs continue to provide innovative products to domestic investors. Mirae Asset Global Investments currently manages a total of KRW 217 trillion in ETFs worldwide, a scale larger than the entire domestic ETF market and ranking 12th among global ETF managers. Over the past 10 years, while global ETF managers recorded an average annual growth rate of 18.3%, Mirae Asset Global Investments achieved a growth rate of 35.1% during the same period, nearly double the industry average.
Global investors are paying close attention to Mirae Asset Global Investments' 'Killer Product.' Its US ETF subsidiary, Global X, and AI specialist affiliate, WealthSpot, recently launched the 'Global X Investment Grade Corporate Bond ETF (GXIG)' in the US. Mirae Asset, which has introduced various virtual asset ETFs in global markets, also launched the 'Global X Bitcoin Covered Call ETF (BCCC).'
Mirae Asset Global Investments plans to further strengthen its role as a long-term investment partner for investors, supporting successful asset management and a secure retirement. As the 'most chosen ETF brand by individual investors,' the company aims to lead the culture of pension investment through ETFs. As of June 25, individual investors held approximately KRW 62 trillion in domestic ETFs, with TIGER ETFs accounting for KRW 27 trillion, ranking first and representing about 43% of the total.
Kim Namgi, Head of ETF Management at Mirae Asset Global Investments, stated, "Mirae Asset Global Investments has focused on developing competitive products based on our philosophy of long-term pension investment and innovative growth," adding, "We will continue to reward the support shown for TIGER ETFs and faithfully fulfill our role as a long-term investment partner by discovering innovative products as a global top-tier ETF manager."
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