Mirae Asset TIGER Nasdaq 100 ETF Surpasses 200 Billion KRW in Net Assets

Net Worth Increased by 100 Billion Won This Year Alone

[Asia Economy Reporter Minwoo Lee] Mirae Asset's exchange-traded fund (ETF) product investing in the U.S. Nasdaq market, centered on information technology (IT) and healthcare, has surpassed 200 billion KRW in net assets.

Mirae Asset Global Investments announced on the 12th that the net assets of the 'TIGER Nasdaq 100 ETF' have exceeded 200 billion KRW. Net assets have increased by more than 100 billion KRW this year alone. As of this date, it has recorded returns of 26.19% over one year, 76.28% over three years, and 134.42% over five years.

The underlying index of this product is the Nasdaq 100 Index. It consists of 100 representative stocks from sectors such as computer hardware and software, telecommunications, wholesale and retail trade, and biotechnology listed on the U.S. Nasdaq market. It includes large companies like Microsoft, Apple, and Amazon, as well as venture companies. Financial companies are excluded, and quarterly rebalancing is conducted using a market capitalization-weighted average method. It is managed with a full replication strategy to maintain similar volatility to the underlying index, and no separate currency hedging is performed. Another advantage is that it can be traded through pension savings accounts, retirement pensions, and individual retirement pensions (IRP).

Kwon Oh-sung, Head of ETF Marketing at Mirae Asset Global Investments, said, "The TIGER Nasdaq 100 ETF is showing steady buying interest not only from individual investors but also from institutional investors such as pension funds, insurance companies, and banks," adding, "We believe that the perception of it as an attractive investment destination from a long-term asset allocation perspective is increasing due to the benefits of the Fourth Industrial Revolution and the expansion of untact (contactless) trends."

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