Mirae Asset Global Investments announced on August 14 that the net asset value (NAV) of the 'TIGER Korea Dividend Dow Jones ETF' has surpassed 400 billion KRW.
According to the Korea Exchange, as of August 13, the NAV of the TIGER Korea Dividend Dow Jones ETF stood at 457.6 billion KRW. Due to continued interest in dividend stocks, the NAV, which exceeded 200 billion KRW in early July, has nearly doubled in just over a month.
The TIGER Korea Dividend Dow Jones ETF diversifies its investments across 30 high-quality, high-dividend stocks, taking into account dividend yield, dividend growth, and quality factors. Its underlying index is the 'Dow Jones Korea Dividend 30 Index.' The investment strategy of the U.S.-listed global dividend ETF 'SCHD (Schwab U.S. Dividend Equity ETF)' has been applied to the Korean stock market.
Similar to the underlying index of the U.S. SCHD, the ETF selects stocks that have paid dividends for at least 10 consecutive years, considering their composite rankings based on the past five years' dividend growth rate, dividend yield, debt ratio relative to cash flow, and return on equity (ROE).
Despite recent tax reform proposals such as the separate taxation of dividend income falling short of market expectations, domestic investors' interest in dividend stocks remains high. Interest in dividend growth stocks, which consistently increase their payout ratio or dividend yield in line with the government's strong policy direction to expand shareholder returns, continues to grow.
Jung Hyun Jeong, Head of ETF Management at Mirae Asset Global Investments, explained, "The TIGER Korea Dividend Dow Jones ETF invests in stocks with stable cash flows, sound financial structures, and both high dividend yields and dividend growth, which has attracted significant attention from individual investors." He added, "We will continue to strive to steadily grow both principal and dividends through dividend investing based on fundamentals."
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