China Investment TIGER ETF Surpasses 2 Trillion Won in Net Assets

[Asia Economy Reporter Hwang Junho] Mirae Asset Global Investments' TIGER ETFs investing in China have surpassed 2 trillion KRW in net assets as of the 21st.

The net assets of China-investing TIGER ETFs reached 2.0178 trillion KRW, an increase of 1.298 trillion KRW compared to the end of last year.

The largest TIGER China Electric Vehicle SOLACTIVE ETF has net assets amounting to 1.113 trillion KRW. Since the beginning of the year, it has increased by 1.0552 trillion KRW, showing the largest growth among all ETFs. This ETF invests in the Chinese electric vehicle value chain and tracks the 'SOLACTIVE China Electric Vehicle and Battery Index.'

The TIGER China Hang Seng Tech ETF also saw a significant increase in net assets. Its net assets total 279.5 billion KRW, with 242.5 billion KRW inflows since the start of the year. This ETF invests in over 30 companies listed on the Hong Kong Main Board that lead the new economy sectors such as cloud, digital, internet/mobile, and fintech.

Kwon Oh-sung, Head of ETF Marketing Division (Executive Director) at Mirae Asset Global Investments, said, "Mirae Asset TIGER ETFs have established themselves as representative products investing in various themed overseas stocks," adding, "Mirae Asset will continue to discover and supply products that allow investment in diverse countries and themes worldwide."

China-investing TIGER ETFs can be traded within pension accounts such as retirement pensions and pension savings. When traded within pension accounts, transaction taxes are exempted, and capital gains and dividends are subject to low-rate separate taxation as pension income tax at the time of pension receipt, providing tax-saving benefits.

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