Mirae Asset's Two US Major Index Currency-Hedged ETFs Surpass Total Net Assets of 100 Billion KRW

Mirae Asset Global Investments announced on the 26th that the combined net assets of the ‘TIGER US S&P500TR(H) ETF’ and the ‘TIGER US Nasdaq100TR(H) ETF,’ which invest in major US indices with currency hedging, have surpassed 100 billion KRW.

According to the Korea Exchange, as of the closing price on the 25th, the net assets of the ‘TIGER US S&P500TR(H) ETF’ amount to 71.3 billion KRW. This ETF, listed in November last year, invests in the US representative index ‘S&P500’ with currency hedging. The S&P500 index consists of the top 500 companies by market capitalization listed in the US, reflecting the overall economic situation of the United States.

The net assets of the ‘TIGER US Nasdaq100TR(H) ETF,’ which was listed on the same day, stood at 38.6 billion KRW as of the closing price on the 25th. Since the beginning of the year, the net purchase volume by individual investors for this ETF has reached 11.6 billion KRW, ranking first among US stock-type currency-hedged ETFs listed domestically. The ‘Nasdaq100’ index includes the top 100 companies by market capitalization leading global technology in the US, and long-term growth is expected alongside the US economy.

Amid high volatility in the KRW/USD exchange rate since last year, the ‘TIGER US S&P500TR(H) ETF’ and ‘TIGER US Nasdaq100TR(H) ETF’ have attracted attention for their ability to reduce exchange rate risk by investing in major US indices with currency hedging. Investors benefit from not needing currency exchange since investments are made in Korean won. Additionally, these two ETFs are physical-type products that invest directly in US stocks rather than index futures, allowing investment through both individual pension and retirement pension accounts.

Song Min-gyu, Senior Manager of the ETF Management Division at Mirae Asset Global Investments, stated, “The interest rate differential between the US and Korea remains significant, and with the US Federal Open Market Committee (FOMC) regular meeting scheduled for May, volatility in the KRW/USD exchange rate is expected to remain high.” He added, “For investors who want to invest in major US indices but are concerned about high exchange rate levels and volatility, currency-hedged TIGER ETFs can be a good option.”

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