Mirae Asset ETF Tracking US Nasdaq 100 Surpasses 300 Billion KRW in Net Assets

TIGER Nasdaq 100 ETF Sailing Smoothly... Net Assets Increased by 200 Billion Won This Year

[Asia Economy Reporter Minwoo Lee] Mirae Asset's exchange-traded fund (ETF) investing in sectors such as information technology (IT), consumer goods, and healthcare in the U.S. Nasdaq market has surpassed 300 billion KRW in net assets.

Mirae Asset Global Investments announced on the 4th that the net assets of the 'TIGER Nasdaq 100 ETF' increased by 200 billion KRW this year alone, exceeding a total of 300 billion KRW. This product is based on the Nasdaq 100 index, which consists of 100 representative stocks from industries listed on the U.S. Nasdaq market, including computer hardware and software, telecommunications, retail trade, and biotechnology. It includes a variety of companies ranging from leading IT firms such as Microsoft, Alphabet (Google's parent company), and Tesla to startups, making it an index focused on the growth potential of the U.S.

Mirae Asset excluded financial companies from this product and conducted quarterly rebalancing using a market capitalization-weighted average method. It is managed through a full replication strategy to ensure the rate of change is similar to the underlying index, without implementing separate currency hedging. As a result, as of this date, it recorded returns of 39.33% over one year, 95.51% over three years, and 146.47% over five years.

Kwon Oh-sung, Head of ETF Marketing at Mirae Asset Global Investments, said, "It seems that investors consider the TIGER Nasdaq 100 ETF an attractive investment destination that can benefit from the Fourth Industrial Revolution from a long-term asset allocation perspective," adding, "The fact that it can be traded not only through general investment but also via pension savings accounts and Individual Retirement Pensions (IRP) appears to have been an advantage."

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