TIGER US S&P500 ETF Becomes First in Domestic ETF History to Surpass 10 Trillion Won in Net Assets

Mirae Asset Global Investments announced on October 13 that the "TIGER US S&P500 ETF" has surpassed 10 trillion won in net assets for the first time in the history of domestic ETFs.

According to the Korea Exchange, as of the closing price on the 10th, the net assets of the TIGER US S&P500 ETF stood at 10.0918 trillion won. This achievement comes about five years after its listing on August 7, 2020. Thanks to continuous capital inflows and the trust of long-term investors, it has grown into a "national ETF" with 10 trillion won in assets.

Since the launch of the domestic ETF market in 2003, this is the first time a single ETF has surpassed 10 trillion won in net assets. The TIGER US S&P500 ETF has driven the growth of the domestic ETF market, achieving meaningful milestones such as "the first overseas equity ETF to become No. 1 in total domestic ETF net assets" and "the largest S&P500 index ETF in Asia." With a US benchmark index ETF becoming the first to reach 10 trillion won, it appears that a global investment culture through ETFs has now fully taken root.

Surpassing the 10 trillion won mark is more than just a matter of scale; it signifies that the TIGER US S&P500 ETF has established itself as a companion in growing investors' assets alongside the growth of the US market. Recently, the US stock market has continued its strong performance, with the S&P500 index repeatedly hitting all-time highs, driven by robust earnings from major technology stocks centered around AI and expectations of interest rate cuts by the Federal Reserve. The TIGER US S&P500 ETF has nearly doubled in size in just 11 months since surpassing 5 trillion won in November last year.

Its position as "the ETF most loved by Koreans" has also become more solid. As of the 10th, the cumulative net purchases by individual investors in the TIGER US S&P500 ETF since the beginning of the year amount to approximately 1.78 trillion won, ranking first among all ETFs listed in Korea. Following its status as "the No. 1 annual net purchase by individuals in 2024," it continues to strengthen its reputation as a long-term investment vehicle through the overwhelming choice of individual investors this year as well.

Kim Namgi, head of ETF management at Mirae Asset Global Investments, explained, "Surpassing 10 trillion won in net assets for the TIGER US S&P500 ETF is the result of the unwavering trust investors have shown since its listing." He added, "We will continue to strive to grow into an even more competitive ETF, worthy of the titles 'national ETF' and 'Asia's largest S&P500 ETF.'"