Mirae Asset ETF Investing in US Tech Stocks Surpasses 500 Billion KRW in Net Assets
TIGER Nasdaq 100 ETF's Net Assets Increase by 400 Billion Won This Year Alone
[Asia Economy Reporter Minwoo Lee] Mirae Asset Global Investments' exchange-traded fund (ETF) product, which invests in major stocks of the U.S. Nasdaq market, has surpassed 500 billion KRW in net assets.
Mirae Asset Global Investments announced on the 13th that the net assets of the 'Mirae Asset TIGER Nasdaq 100' ETF exceeded 500 billion KRW.
As of that day, the TIGER Nasdaq 100 ETF recorded returns of 46.12% over one year, 95.53% over three years, and 172.17% over five years. This year alone, net assets increased by more than 400 billion KRW, making it the largest overseas equity ETF in the industry.
The ETF is based on the Nasdaq 100 Index. The index consists of companies representing new growth industries, from advanced technology stocks such as Microsoft (MS), Alphabet, and Tesla to venture companies. It is composed of 100 leading stocks in sectors such as computer hardware and software, telecommunications, wholesale and retail trade, and biotechnology listed on the Nasdaq market. 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 closely track the fluctuations of the underlying index, and no separate currency hedging is performed.
TIGER ETF, which has built the largest lineup in the industry, actively expands its product range, including listing the country's first equity active ETF, the 'TIGER AI Korea Growth Active ETF,' last month. The 'TIGER K-New Deal ETF Series,' a private New Deal fund investing in 'BBIG' industries such as bio, battery, and internet games, attracted nearly 130 billion KRW in funds mainly from individual investors within three days after its listing on the 7th.
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A representative from Mirae Asset Global Investments explained, "The success appears to be due not only to the growth potential of BBIG stocks themselves but also to the advantages of investing through ETFs rather than individual stocks, such as inclusion in pension accounts where low tax rates apply in the future and exemption from capital gains tax for major shareholders."
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