Mirae Asset Management's US Investment TIGER ETF Surpasses 5 Trillion KRW in Net Assets
[Asia Economy Reporter Minji Lee] Mirae Asset Global Investments announced on the 19th that the total net assets of TIGER ETFs investing in the United States have surpassed 5 trillion KRW.
The ‘TIGER US S&P500 ETF’ became the second TIGER ETF investing in the US to exceed 1 trillion KRW in net assets, following the ‘TIGER US Nasdaq100 ETF.’ According to the Korea Exchange, as of the closing price on the 18th, the total net assets of 14 TIGER ETFs investing in the US amounted to 5.2856 trillion KRW, an increase of 4.1095 trillion KRW compared to 1.1761 trillion KRW at the end of last year.
The largest TIGER ETF investing in the US is the ‘TIGER US Nasdaq100 ETF.’ Its net assets reached 1.6386 trillion KRW, up 1.0571 trillion KRW from the end of last year. This ETF tracks the ‘NASDAQ 100’ index, which invests in 100 representative companies leading the new growth industries in the US.
The second largest TIGER ETF investing in the US is the ‘TIGER US S&P500 ETF.’ Listed in August last year, this ETF’s net assets increased by 912.2 billion KRW this year to 1.0276 trillion KRW, making it the second TIGER ETF investing in the US to surpass 1 trillion KRW in net assets after the TIGER US Nasdaq100 ETF. This ETF tracks the ‘S&P500’ index, composed of 500 companies representing the entire US market.
Following these are the ‘TIGER US Tech TOP10 INDXX ETF’ and the ‘TIGER US Philadelphia Semiconductor Nasdaq ETF,’ newly launched in April this year. Their net assets are 957.1 billion KRW and 724.1 billion KRW, respectively. The TIGER US Tech TOP10 INDXX ETF invests in the top 10 Nasdaq companies by market capitalization representing US technology stocks, while the TIGER US Philadelphia Semiconductor Nasdaq ETF invests in global semiconductor leading companies listed in the US market.
By surpassing 1 trillion KRW in net assets, the TIGER US Nasdaq100 ETF and TIGER US S&P500 ETF have attained operational scale and trading volume competitive with offshore ETFs such as QQQ and SPY. Since these two ETFs are traded on the Korea Exchange, they offer more convenient trading and lower transaction fees compared to offshore ETFs. They also have the advantages of no need for currency exchange, lower ETF fees compared to QQQ and SPY, and the ability to trade within pension accounts.
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Kwon Oh-sung, Head of ETF Marketing Division at Mirae Asset Global Investments, said, “TIGER ETFs are emerging as a representative means of investing in the US,” adding, “Mirae Asset will strive to provide investors with ETFs that can invest not only in the US but also in various countries worldwide.”
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