TIGER KRX Gold Spot ETF Surpasses 100 Billion Won in Cumulative Net Purchases by Individual Investors

Mirae Asset Global Investments announced on September 17 that the cumulative net purchases by individual investors in the 'TIGER KRX Gold Spot ETF' have surpassed 100 billion won.

According to the Korea Exchange, as of the closing price on September 16, the cumulative net purchases by individuals in the TIGER KRX Gold Spot ETF since its listing have reached 144.1 billion won. It took just 53 trading days after its listing in June to surpass the 100 billion won mark, setting a record for the shortest period among commodity-type ETFs listed in Korea. Analysts attribute this to a surge in demand for gold ETFs as individual investors increasingly seek safe-haven assets.

Buoyed by its popularity among individual investors, the net asset value of the TIGER KRX Gold Spot ETF has exceeded 300 billion won.

The TIGER KRX Gold Spot ETF directly includes 99.99% pure gold listed on the KRX Gold Market and stores it with the Korea Securities Depository, making it a spot-type ETF. The total expense ratio is 0.15% per year, the lowest among domestic gold ETFs. Unlike indirect structures that invest in overseas gold ETFs, it does not impose double fees, which is a key feature.

Mirae Asset Global Investments offers a wide range of gold investment opportunities and expertise in the global ETF market. Its lineup includes the world's first gold spot ETF, 'Global X Physical Gold,' listed in Australia, the gold investment ETF 'Global X Gold Yield,' which incorporates a covered call strategy, and the gold mining company investment ETF 'Global X Gold Producers,' among others, providing diverse options worldwide.

Kim Namho, Head of Global ETF Management at Mirae Asset Global Investments, stated, "As the market expects the US Federal Reserve to lower its benchmark interest rate in the future, the US dollar is weakening, and gold prices are expected to rise. For those considering long-term investment using gold as a safe-haven asset, the 'TIGER KRX Gold Spot ETF,' which offers the lowest fees in Korea, is the optimal solution."

To commemorate the milestone of 100 billion won in cumulative net purchases by individual investors, Mirae Asset Global Investments is hosting a buy-and-hold event for the TIGER KRX Gold Spot ETF. Customers who verify their purchase and holding details will be eligible to win prizes through a drawing. Detailed information about the event can be found on the TIGER ETF website.