Mirae Asset's 'TIGER US S&P500' Net Assets Surpass 2 Trillion Won
Mirae Asset Global Investments announced on the 25th that the 'TIGER US S&P500 ETF' has surpassed 2 trillion KRW in net assets.
According to the Korea Exchange on the 25th, as of the closing price on the 21st, the net assets of the 'TIGER US S&P500 ETF' amounted to 2.0039 trillion KRW. This ETF, which was listed in August 2020, is the first ETF tracking the Standard & Poor's (S&P500) index listed domestically to exceed 2 trillion KRW in net assets within three years.
The 'TIGER US S&P500 ETF' tracks the S&P500 index, one of the three major representative US indices along with the Nasdaq 100 index and the Dow Jones 30 index. 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.
Despite the recent trend of global central banks raising benchmark interest rates, the US stock market has continued its rally since the beginning of the year, strengthening the buying momentum of the 'TIGER US S&P500 ETF'.
As of the 22nd, the net purchase volume by individual investors over the past month was approximately 29.3 billion KRW. Despite high interest rates and high inflation, solid corporate earnings and robust economic indicators have demonstrated the strong fundamentals of the US economy, attracting individual investors' confidence.
Investing in the 'TIGER US S&P500 ETF' through pension accounts also offers various tax benefits. When trading through ISA (brokerage type), personal pension, or retirement pension (DC·IRP) accounts, taxation is deferred until withdrawal, and tax credits can be received.
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Meanwhile, Mirae Asset Global Investments is holding an event for customers to celebrate the 'TIGER US S&P500 ETF' surpassing 2 trillion KRW in net assets. From September 25 to October 6, participants who answer quizzes through the event menu on the TIGER ETF website will be entered into a draw to receive gifticons.
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