Mirae Asset Launches New 'TIGER US Tech TOP10+10% Premium ETF'

Mirae Asset Global Investments announced on the 16th that it will newly list the ‘TIGER US Tech TOP10+10% Premium ETF’ on the Korea Exchange.

The ‘TIGER US Tech TOP10+10% Premium ETF’ invests in the top 10 big tech companies within the US Nasdaq 100 Index. The US big tech companies, which possess the world’s leading technological capabilities, led the US economy in 2023 based on strong fundamentals. Long-term growth is expected, driven by the new growth engine of artificial intelligence (AI). This year, expectations of interest rate cuts have further highlighted investments in technology and large-cap stocks.

While investing in the growth potential of big tech, the ‘TIGER US Tech TOP10+10% Premium ETF’ seeks stability by utilizing a covered call strategy. Covered call is a strategy that involves constructing a stock portfolio and selling call options. However, unlike typical covered call ETFs that sell 100% call options, the option selling ratio here averages 40%. This strategy simultaneously pursues a big tech stock portfolio and Nasdaq 100 option premiums, allowing investors to follow market growth while expecting stable income returns.

The ‘TIGER US Tech TOP10+10% Premium ETF’ aims for an annual dividend yield in the 10% range and, notably, pays dividends monthly in the middle of the month for the first time domestically. If this ETF is managed together with existing monthly dividend ETFs such as the ‘TIGER US Dividend +7% Premium Dow Jones ETF,’ which pays dividends at the end of the month, investors can create a ‘biweekly dividend portfolio’ that receives dividends twice a month. When dividend payment dates are staggered biweekly, investors are expected to benefit from portfolio stabilization and be able to devise various reinvestment strategies.

To commemorate the launch of the ‘TIGER US Tech TOP10+10% Premium ETF,’ Mirae Asset Global Investments is conducting a listing event for trading customers. Customers who meet the daily trading conditions for this ETF at Korea Investment & Securities and SK Securities will receive cultural gift certificates through a lottery and other methods. Detailed event information can be found on each securities firm’s website.

Kim Su-myeong, Senior Manager of the ETF Management Division at Mirae Asset Global Investments, said, “Through the TIGER US Tech TOP10+10% Premium ETF, investors can create an income portfolio balanced between growth stocks and dividend stocks.” He added, “Especially as an investment portfolio that pays dividends twice a month, it is expected to increase efficiency when dividends are used as living expenses or reinvested.”

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