Mirae Asset TIGER US Nasdaq 100 Leverage ETF Surpasses 100 Billion KRW in Net Assets

[Asia Economy Reporter Hwang Yoon-joo] Mirae Asset Global Investments announced on the 5th that the net assets of the ‘TIGER US Nasdaq 100 Leverage (Synthetic) ETF’ have surpassed 100 billion KRW.

According to the Korea Exchange, as of the closing price on the 4th, the net assets of the TIGER US Nasdaq 100 Leverage (Synthetic) ETF stand at 116 billion KRW. The ETF, which was listed on February 22, saw net purchases of 58.8 billion KRW by foreigners and 8 billion KRW by individuals, driving the increase in net assets. Since its listing, the ETF has posted a return of 16.4%.

The TIGER Nasdaq 100 Leverage (Synthetic) ETF is a leveraged product that tracks twice the daily return of the ‘Nasdaq 100’ index, which represents the US and symbolizes innovative growth momentum. The Nasdaq 100 index consists of 100 representative stocks from sectors such as IT, software, telecommunications, healthcare, and biotechnology, which are at the core of global technological sovereignty in the US, and has shown steady growth since the index’s inception.

The TIGER Nasdaq 100 Leverage (Synthetic) ETF listed on the Korea Exchange does not implement KRW-USD currency hedging, making it similar to the overseas-listed ‘ProShares Ultra QQQ ETF (QLD).’ However, the domestically listed ETF allows investment in Korean won, eliminating currency exchange costs, and enables real-time trading during Korea Exchange trading hours.

It also has advantages such as lower trading fees and no transaction tax compared to overseas-listed ETFs. The total expense ratio of the TIGER Nasdaq 100 Leverage (Synthetic) ETF is also lower than that of QLD. However, investors should be aware of taxation differences: domestic ETFs impose dividend income tax on capital gains, while overseas ETFs are subject to capital gains tax. Additionally, while QLD is affected by the daily fluctuation of the KRW-USD exchange rate at a 1x rate, the TIGER Nasdaq 100 Leverage (Synthetic) ETF is affected at a 2x rate.

Meanwhile, individual investors who are not professional investors and are investing in leveraged ETFs listed domestically for the first time must complete a pre-education course conducted by the Korea Financial Investment Association and have a minimum deposit of 10 million KRW.

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