'TIGER US Tech TOP10 ETF' Surpasses 500 Billion KRW in Net Assets

[Asia Economy Reporter Hwang Junho] Mirae Asset Global Investments announced on the 24th that the net assets of the 'TIGER US Tech TOP10 INDXX Exchange Traded Fund (ETF)' have exceeded 500 billion KRW.

According to the Korea Exchange, as of the closing price on the 23rd, the net assets of the TIGER US Tech TOP10 INDXX ETF stand at 517 billion KRW. The ETF was listed on April 9th, and surpassed 500 billion KRW in net assets in just four months and fifteen days. Individual investors led the growth of the ETF's net assets with net purchases of 386.1 billion KRW.

The TIGER US Tech TOP10 INDXX ETF invests in the top 10 companies by market capitalization listed on the Nasdaq Stock Exchange, representing US technology stocks. In particular, it focuses on selective investment in high-quality stocks expected to sustain growth in areas such as content, cloud, e-commerce, autonomous driving, and semiconductors.

The ETF tracks the INDXX US Tech Top10 Index. As of the end of July, the index components include Apple, Microsoft, Alphabet, Amazon, Facebook, Tesla, Nvidia, and others.

Kwon Oh-sung, Executive Director of the ETF Marketing Division, said, "Investors can easily invest in 10 stocks that account for nearly half of the Nasdaq 100 market capitalization through the TIGER US Tech TOP10 INDXX ETF," adding, "Mirae Asset will continue to develop products that allow investors to invest comfortably over the medium to long term."

Meanwhile, the TIGER US Tech TOP10 INDXX ETF can be used as a pension product from a long-term investment perspective to enjoy tax benefits. The ETF is exempt from transaction tax, and when traded within a pension account, capital gains and dividends are subject to low-rate separate taxation as pension income tax upon pension receipt.

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