Mirae Asset, Launches Two New TIGER ETFs

'TIGER Miguk Dalloe SOFR Geumri Active (Hapseong)'
'TIGER China Jeongi Cha Leverage (Hapseong)'

Mirae Asset Global Investments announced on the 9th that it will newly list two ETFs, ‘TIGER US Dollar SOFR Interest Rate Active (Synthetic)’ and ‘TIGER China Electric Vehicle Leverage (Synthetic),’ on the Korea Exchange.

The ‘TIGER US Dollar SOFR Interest Rate Active (Synthetic) ETF’ is an ETF that tracks the US risk-free benchmark interest rate (SOFR). SOFR (Secured Overnight Financing Rate) is an interest rate calculated based on one-day repurchase agreement (RP) transactions collateralized by US Treasury securities conducted by the New York Fed. The ‘TIGER US Dollar SOFR Interest Rate Active (Synthetic) ETF’ invests in the US dollar, a globally representative safe asset, and has a structure where returns accumulate daily by the SOFR rate. In the current environment where US interest rates remain high, this ETF, which is exposed to currency risk, is expected to be used as a parking-type ETF for managing short-term funds. The ETF’s benchmark index is the ‘Solactive SOFR Daily Total Return Index.’ The total expense ratio is 0.05%, which is the lowest among SOFR ETFs listed domestically.

The ‘TIGER China Electric Vehicle Leverage (Synthetic) ETF’ is the first ETF in Korea to invest with leverage in China electric vehicles. This ETF is the leveraged version of the ‘TIGER China Electric Vehicle SOLACTIVE,’ which was listed in 2020 and has established itself as a representative overseas investment ETF in Korea. China electric vehicles are a leading theme of innovative growth based on technology, and mid- to long-term growth is expected supported by the Chinese government’s backing and a solid domestic market. The ETF’s underlying index is the ‘Solactive China Electric Vehicle And Battery Index,’ and the total expense ratio is 0.58%.

Mirae Asset Global Investments is holding events for customers trading on Daishin Securities (for TIGER US Dollar SOFR Interest Rate Active (Synthetic)) and KB Securities (for TIGER China Electric Vehicle Leverage (Synthetic)) to commemorate the listing of the two new TIGER ETFs. Detailed event information can be found on the respective securities firms’ websites.

A representative from Mirae Asset Global Investments said, “We are expanding the TIGER ETF lineup so that investors can select appropriate products according to market conditions,” adding, “We will strive to build diverse investment portfolios considering growth potential, stability, and cash flow through TIGER ETFs.”

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