Mirae Asset's 'TIGER MSCI KOREA TR ETF' Surpasses 2 Trillion KRW in Net Assets

[Asia Economy Reporter Kwangho Lee] Mirae Asset Global Investments announced on the 13th that the net assets of the ‘TIGER MSCI KOREA TR ETF’ have surpassed 2 trillion KRW.

According to the Korea Exchange, as of the closing price on the 12th, the net assets of the TIGER MSCI KOREA TR ETF stand at 2.2658 trillion KRW. Listed in 2018, this ETF invests in mid-to-large cap companies listed on the Korea Exchange. It is composed of about 100 stocks representing the domestic stock market, including Samsung Electronics, SK Hynix, LG Chem, and NAVER.

The ETF’s benchmark index is the MSCI KOREA Gross Total Return (TR) Index. This index serves as an investment benchmark for foreigners investing in the Korean stock market, and due to the characteristics of the Korean stock market where volatility increases depending on external conditions, it is expected to perform better than domestic indices. As of the end of November, the index’s return over the past three months was +1.56%, outperforming the KOSPI200 TR Index (+0.77%).

Based on the total return index calculated assuming cash dividend reinvestment, the TIGER MSCI KOREA TR ETF benefits not only from the rise in the underlying index but also from the compound investment effect of reinvestment. Since dividends are not paid out in cash but automatically reinvested, it pursues tax deferral and maximization of returns for long-term investments.

Lee Jeonghwan, Head of ETF Management at Mirae Asset Global Investments, said, "The TIGER MSCI KOREA TR ETF is a product that can directly benefit from the inflow of foreign capital, and it is expected to show favorable returns when foreign buying funds flow in. Also, with the year-end dividend season approaching, investors can enjoy the compound effect through reinvestment, attracting much interest from many investors."

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