Mirae Asset K-New Deal ETF, 800 Billion Won Raised in 3 Months

2nd Battery ETF Achieves Highest Return of 49.10%

[Asia Economy Reporter Minwoo Lee] More than 800 billion KRW has flowed into Mirae Asset Global Investments' 'K-New Deal' exchange-traded funds (ETFs).

Mirae Asset Global Investments announced on the 6th that the net assets of the 'TIGER K-New Deal ETF Series,' which focuses on investing in 'BBIG' companies such as battery, bio, internet, and gaming, surpassed 800 billion KRW just three months after listing.

The ETF series, consisting of five types: 'TIGER KRX BBIG K-New Deal ETF,' 'TIGER KRX Secondary Battery K-New Deal ETF,' 'TIGER KRX Bio K-New Deal ETF,' 'TIGER KRX Internet K-New Deal ETF,' and 'TIGER KRX Game K-New Deal ETF,' had net assets of 360.3 billion KRW, 307 billion KRW, 69.1 billion KRW, 51.5 billion KRW, and 36.1 billion KRW respectively, based on the previous day's closing price.

Since its inception in October last year, the highest return was 49.10% from the 'TIGER KRX Secondary Battery K-New Deal ETF.' This was followed by 'TIGER KRX Bio K-New Deal ETF' at 25.37%, 'TIGER KRX BBIG K-New Deal ETF' at 20.86%, 'TIGER KRX Game K-New Deal ETF' at 8.78%, and 'TIGER KRX Internet K-New Deal ETF' at 0.62%.

The underlying indices of these products are the ‘KRX BBIG K-New Deal Composite Index’ and individual industry indices. The ‘KRX BBIG K-New Deal Index’ is equally weighted with a total of 12 stocks, comprising the top three companies by market capitalization in battery, bio, internet, and gaming industries. The ‘KRX Secondary Battery, Bio, Internet, Game K-New Deal Indices’ each consist of 10 stocks, where the top three stocks hold 75% equally weighted, and the remaining seven stocks account for 25% weighted by free-float market capitalization.

It is explained that investing through pension accounts allows for a long-term perspective, and upon pension receipt, a low separate taxation rate of 3.3% to 5.5% applies. A representative from Mirae Asset Global Investments stated, "Due to the 20% capital gains tax on stocks imposed from 2023, the attractiveness of using these as pension products has increased," adding, "Since ETFs are exempt from the 0.25% transaction tax, tax-saving effects can be enjoyed in various ways."

This content was produced with the assistance of AI translation services.