Mirae Asset Global Investments announced on the 11th that the net asset value of the 'TIGER Bank High Dividend Plus TOP10 ETF' has surpassed 600 billion KRW.
According to the Korea Exchange, as of the 8th, the net asset value of the TIGER Bank High Dividend Plus TOP10 ETF stood at 697 billion KRW.
The TIGER Bank High Dividend Plus TOP10 ETF focuses its investments on ten leading high-dividend bank stocks in Korea. It selects stocks that have paid cash dividends for three consecutive years and are expected to offer high dividend yields. The ETF includes financial holding companies such as KB Financial Group, Woori Financial Group, Hana Financial Group, and Shinhan Financial Group, each with a market capitalization of over 500 billion KRW, as well as high-dividend insurance stocks like Samsung Fire & Marine Insurance and Samsung Life Insurance.
The constituent stocks are expected to benefit from future tax incentives through increased dividends, in line with recent government-proposed amendments. The amendments stipulate that dividends from listed companies with a payout ratio of 40% or higher, or those with a payout ratio of at least 25% and a dividend increase of 5% or more compared to the three-year average, will be eligible for separate taxation. If the legislation requiring the mandatory cancellation of treasury shares is passed, policies for treasury share buybacks are also expected to positively impact corporate value.
Due to this policy momentum, the TIGER Bank High Dividend Plus TOP10 ETF is expected to attract even more attention from monthly dividend ETF investors. In fact, as the projected quarterly dividends and outlooks for major constituent stocks have been raised, the monthly distribution per share for the TIGER Bank High Dividend Plus TOP10 ETF will also be increased from the previous 68 KRW to 70 KRW.
Jung Hyun Jeong, Head of ETF Management at Mirae Asset Global Investments, said, "As policy expectations for bank stocks continue, the TIGER Bank High Dividend Plus TOP10 ETF has significant growth potential in both capital gains and income returns." He added, "Building a dividend portfolio with products that consider both the growth potential and sustainability of dividends will not only stabilize the overall portfolio but also enable a variety of reinvestment strategies."
Mirae Asset Global Investments has proposed the 'TIGER Signature Monthly Dividend ETF 7' for stable and sustainable monthly dividend investing.
The TIGER Signature Monthly Dividend ETF 7, selected based on the growth potential and sustainability of dividends, includes: ▲TIGER Bank High Dividend Plus TOP10 ETF ▲TIGER Korea Dividend Dow Jones ▲TIGER REITs Real Estate Infrastructure TOP10 Active ▲TIGER Dividend Covered Call Active ▲TIGER US S&P500 Target Daily Covered Call ▲TIGER US Nasdaq100 Target Daily Covered Call ▲TIGER US Dividend Dow Jones Target Daily Covered Call.
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