Mirae Asset Global Investments Launches Monthly Distribution for Two TIGER ETFs
[Asia Economy Reporter Hwang Junho] Mirae Asset Global Investments announced on the 28th that it has changed the dividend payment frequency of two TIGER Exchange Traded Funds (ETFs) to monthly distributions.
As of the 25th, Mirae Asset Global Investments changed the dividend payment record dates for two ETFs: 'TIGER REITs Real Estate Infrastructure ETF' and 'TIGER REITs Real Estate Infrastructure Bond TR KIS ETF.'
Previously, dividends were paid based on the last business day of January, April, July, and October or the ETF accounting period end date, but after the change, dividends will be paid based on the last business day of each month.
Monthly distribution ETFs generate continuous income every month, making them suitable for retirees. They can also be used as reinvestment funds for various products such as innovation growth theme ETFs.
'TIGER REITs Real Estate Infrastructure ETF' selectively invests in high-quality domestic listed REITs. Before the dividend payment frequency change, the dividend yield for October was 2.9%, ranking first among 71 domestic ETFs that paid dividends as of the end of last month. The cumulative dividend yield for this year reaches 5.5%.
Unlike the 'TIGER REITs Real Estate Infrastructure ETF,' which only includes special assets, the 'TIGER REITs Real Estate Infrastructure Bond TR KIS ETF' consists of 30% bonds to reduce volatility further. The underlying index, 'KIS REITs Real Estate Infrastructure Bond TR,' includes 70% alternative investment indices composed of real estate, infrastructure, and REITs, and 30% bond indices composed of mid- to long-term government bonds.
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Kim Byung-seok, ETF Operations Manager at Mirae Asset Global Investments, said, "Since these two ETFs have many pension investors, we changed the dividend payment frequency to monthly to secure steady income. With the recent slowdown in interest rate hikes and expectations of rising rents, the outlook for the somewhat stagnant REITs market is improving, making related ETF investments worth considering."
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