Mirae Asset's ‘TIGER US S&P500TR(H)’ Net Assets Surpass 100 Billion KRW

Mirae Asset Global Investments announced on the 13th that the net assets of ‘TIGER US S&P500TR(H)’ have surpassed 100 billion KRW.

According to the Korea Exchange, as of the closing price on the 12th, the net assets of ‘TIGER US S&P500TR(H)’ stand at 111.8 billion KRW. This ETF invests in the US representative index, the ‘S&P500’. 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 currency-hedged ‘TIGER US S&P500TR(H)’ has recently attracted attention as an investment option to reduce exchange rate risk amid increased volatility in the KRW-USD exchange rate. The KRW-USD exchange rate surpassed the 1,340 KRW level in early last month and has fluctuated due to issues such as the US debt ceiling negotiations. Currently, with the possibility of the Federal Open Market Committee (FOMC) holding interest rates steady in June gaining prominence, currency-hedged investment strategies that can defend against a decline in the KRW-USD exchange rate are expected to receive even more attention.

Ham Min-jeong, manager of the ETF management division at Mirae Asset Global Investments, said, “Investors who want to defend against a decline in the KRW-USD exchange rate should invest in ETFs such as ‘TIGER US S&P500TR(H)’ and ‘TIGER US Nasdaq100TR(H)’, which are not affected by exchange rate fluctuations and whose returns are linked only to the price changes of the underlying assets.” She added, “These ETFs are also available for investment through individual pension and retirement pension accounts, allowing pension investors to build portfolios that consider KRW-USD exchange rate volatility.”

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