Mirae Asset's 'TIGER Eunhaeng Gobaedang Plus TOP10' Individual Net Purchase Surpasses 10 Billion KRW

Mirae Asset Global Investments announced on the 26th that the net purchases by individuals of the ‘TIGER Eunhaeng Gobaedang Plus TOP10 ETF’ surpassed 10 billion KRW within two months of its listing.

According to the Korea Exchange, as of the closing price on the 22nd, the cumulative net purchases by individuals of the ‘TIGER Eunhaeng Gobaedang Plus TOP10 ETF’ reached 11.4 billion KRW. Since its listing on October 17, this is the largest inflow amount among 12 domestic high-dividend equity ETFs (based on fund names). The gap with the second place widened to more than twice. Additionally, among domestic equity bank sector ETFs, it was the only one to record a positive net purchase amount by individuals during this period.

The surge in individual net purchases of the ‘TIGER Eunhaeng Gobaedang Plus TOP10 ETF’ is analyzed to be due to its differentiated stock composition strategy and high dividend yield. This ETF focuses on investing in the top 10 high-dividend stocks by combining leading bank stocks, which are representative high-dividend stocks, with strong insurance stocks. Only companies with high dividend yields and a consistent history of dividend payments among Korea’s leading dividend-paying banks are selected and included. Furthermore, when determining the weighting, the dividend payment amount is also considered, designing the product solely for high-dividend stock investment, resulting in a high dividend yield of around 7% as of the 22nd.

In January next year, the ‘TIGER Eunhaeng Gobaedang Plus TOP10 ETF’ is set to make its first monthly distribution payment. Although the distribution payment standard was quarterly at the time of listing, Mirae Asset Global Investments changed it to monthly last month in response to investors’ strong interest in monthly dividend ETFs. Recently, as the financial authorities announced improvements to the dividend procedures, the dividend record date for high-dividend financial stocks is scheduled to change from the end of the year to late January next year, and accordingly, monthly distribution payments are expected to begin from the end of January next year.

Kim Byung-seok, manager of the ETF Management Division at Mirae Asset Global Investments, said, “With the change in dividend policy, the four financial holding companies are expected to allow shareholders holding stocks until April next year to receive dividends twice through settlement and quarterly dividends, which is anticipated to increase investor interest in high-dividend bank stocks early next year.” He added, “The TIGER Eunhaeng Gobaedang Plus TOP10 ETF will be managed to contribute to income generation by paying a fixed amount of distribution every month based on a high dividend yield of around 7%.”

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