Mirae Asset's 'TIGER US S&P500TR(H) ETF' Surpasses 50 Billion KRW in Net Assets

"Products Suitable for Defending Against Won-Dollar Decline"

Mirae Asset Global Investments announced on the 7th that the net assets of the ‘TIGER Miguk S&P500TR(H) ETF’ have surpassed 50 billion KRW.

According to the Korea Exchange, as of the closing price on the 6th, the net assets of the ‘TIGER Miguk S&P500TR(H) ETF’ stand at 53.3 billion KRW. This ETF, which was listed in November last year, has rapidly grown, surpassing 50 billion KRW in net assets within just over three months since its launch.

The ‘TIGER Miguk S&P500TR(H) ETF’ is a currency-hedged ETF that invests in the S&P 500 index, a leading U.S. index. The S&P 500 index consists of the top 500 companies by market capitalization listed in the U.S., reflecting the overall U.S. economic situation.

Amid recent sharp rises in the KRW/USD exchange rate and increased volatility, the currency-hedged ‘TIGER Miguk S&P500TR(H) ETF’, which is unaffected by exchange rate fluctuations, is gaining attention as an investment option that reduces currency risk and volatility. Investors also benefit from not needing to exchange currency since investments are made in Korean won.

Additionally, the ‘TIGER Miguk S&P500TR(H) ETF’, which is managed with physical stocks, can be invested in through both individual pension and retirement pension accounts, attracting strong interest from pension investors. Most currency-hedged S&P 500 ETFs listed domestically are managed through index futures, making trading impossible in retirement pension (DC/IRP) accounts.

Ham Min-jeong, manager of the ETF management division at Mirae Asset Global Investments, said, “With recent sharp rises in the KRW/USD exchange rate and increased exchange rate volatility, investors are showing great interest in currency-hedged products. The ‘TIGER Miguk S&P500TR(H) ETF’ is suitable for investors who want to defend against KRW/USD depreciation because its returns are linked only to the price fluctuations of the underlying assets, unaffected by exchange rate changes.”

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