Mirae Asset Management Hosts Event Celebrating Two U.S. Investment ETFs Surpassing 3 Trillion KRW in Net Assets Each

Mirae Asset Global Investments announced on the 12th that the net assets of two TIGER Exchange-Traded Funds (ETFs) investing in major U.S. indices have each surpassed 3 trillion KRW, and it will hold a customer appreciation event.

According to the Korea Exchange, as of the closing price on the 11th, the net assets of the ‘TIGER US S&P500 ETF’ amounted to 3.1261 trillion KRW. This ETF was listed in August 2020. In less than four years, it has grown into the largest U.S. investment ETF in Korea. Tracking the U.S. S&P500 index, this ETF has established itself as a representative means for domestic investors to invest in U.S. stocks. As of the 11th, the cumulative net purchase volume by individuals since the beginning of the year reached approximately 410 billion KRW, ranking first among all domestic ETFs.

The ‘TIGER US Nasdaq100 ETF,’ which tracks the Nasdaq 100 index, has also grown into a large-scale ETF with net assets exceeding 3 trillion KRW. As of the closing price on the 11th, its net assets stood at 3.0828 trillion KRW. This ETF, listed in 2010, is Korea’s first U.S. major index ETF and is regarded as a successful case of long-term investment in U.S. stocks. The price per share, which was 10,000 KRW at the time of listing, has now exceeded 100,000 KRW. It has increased more than tenfold in just over 13 years, demonstrating the effectiveness of long-term investment in U.S. stocks.

Currently, among all ETFs listed domestically, there are a total of seven ETFs with net assets exceeding 3 trillion KRW. Among these, only two are U.S. investment ETFs: the ‘TIGER US S&P500 ETF’ and the ‘TIGER US Nasdaq100 ETF.’

Mirae Asset Global Investments will hold a customer event to celebrate the net assets of the ‘TIGER US S&P500 ETF’ and the ‘TIGER US Nasdaq100 ETF’ surpassing 3 trillion KRW. Until the 26th, participants who certify ownership of these ETFs will be entered into a draw to receive gifticons. Detailed event information can be found on the TIGER ETF website.

Namho Kim, Head of the FICC ETF Management Division at Mirae Asset Global Investments, said, “With both the TIGER US Nasdaq100 ETF and TIGER US S&P500 ETF exceeding net assets of 3 trillion KRW, it appears that TIGER ETFs have established themselves as the representative means for domestic investors to invest in the U.S. stock market. Going forward, TIGER ETFs will continue to expand their lineup of overseas stock ETFs beyond the U.S. to provide investors with a wider range of choices.”

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