Mirae Asset's 'TIGER S&P500 ETF' Surpasses 200 Billion KRW in Net Assets
[Asia Economy Reporter Hwang Junho] Mirae Asset Global Investments announced on the 8th that the TIGER US S&P500 ETF, which tracks the representative US index, surpassed 200 billion KRW in net assets as of the closing price on the 5th. It is the largest ETF tracking the S&P500 index in Korea. This achievement came just 8 months after the ETF was listed.
The 'TIGER US S&P500 ETF' tracks the 'S&P500' index, one of the three major US representative indices along with the Nasdaq 100 and Dow Jones 30.
There are two ways to invest in the US 'S&P500': spot and futures. The TIGER US S&P500 ETF tracks the index using individual stock spot investments, while the TIGER US S&P500 Futures (H) ETF uses index futures. The TIGER US S&P500 ETF does not hedge the KRW-USD exchange rate, whereas the TIGER US S&P500 Futures (H) ETF does hedge currency risk.
The TIGER US S&P500 ETF can be used as a pension product from a long-term investment perspective. Since 2023, a 20% capital gains tax has been imposed on domestic stocks, and for overseas stocks, there is a tax deferral effect on capital gains and dividends, increasing the attractiveness of using it as a pension product. Upon pension receipt, a low separate tax rate of 3.3% to 5.5% is applied, and due to the nature of ETFs, the 0.23% transaction tax is exempted, allowing for tax savings in various ways. When trading in a general account, dividend income tax is imposed, and if financial income exceeds 20 million KRW combined, comprehensive financial income taxation may apply, so caution is advised.
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Kwon Oh-sung, Head of ETF Marketing Division at Mirae Asset Global Investments, stated, "The US S&P500, which has shown low volatility and high performance over the past 10 years, can be conveniently invested in through the TIGER US S&P500 ETF." He added, "Mirae Asset will continue to provide representative index products that can be used for pensions at low costs."
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