Mirae Asset TIGER Japan Yen Futures ETF, Cumulative Net Purchases by Individuals Surpass 100 Billion Won Since Early Year
Mirae Asset Global Investments announced on the 22nd that the 'TIGER Japan Yen Futures ETF' has surpassed 100 billion KRW in cumulative net purchases by individual investors since the beginning of the year. Amid increased demand for Yen-tech (Yen currency asset management) considering exchange gains, it is gaining attention as the only ETF in Korea that directly invests in the Japanese yen.
According to the Korea Exchange, as of the closing price on the previous day, the cumulative net purchases by individuals of the TIGER Japan Yen Futures ETF since the beginning of the year amounted to 123.8 billion KRW. This is about 10 times higher than the total annual cumulative net purchases by individuals last year (15.7 billion KRW). Supported by strong buying from individual investors, the ETF recorded net assets of 155.7 billion KRW, ranking first in net asset size among currency futures ETFs listed domestically.
This product has been regarded as one of the representative Yen-tech tools amid the ongoing Yen depreciation since early this year. As of the 21st, the KRW/JPY exchange rate stood at 871.89 KRW, the lowest level since 2008. This product tracks the Yen futures index based on the KRW/JPY exchange rate and allows investors to gain exposure to Yen futures without requiring margin deposits or a separate derivatives account. Unlike futures, ETFs have no expiration date, eliminating the inconvenience of rollover (reinvestment) that investors must perform when investing in futures. Unlike currency exchange, there are no separate currency exchange fees, and it can be easily traded in small amounts like stocks.
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Lee Doseon, manager of the Global ETF Management Team at Mirae Asset Global Investments, said, "Recently, Japan's Consumer Price Index (CPI) has exceeded 2% for 18 consecutive months, increasing the likelihood of future modifications to the YCC (Yield Curve Control) policy. As the only ETF in Korea that allows direct investment in the Japanese yen, it will be a good tool for Yen-tech investors."
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