Mirae Asset Management's 'TIGER Eunhaeng Gobaedang Plus TOP10' Surpasses 300 Billion KRW in Net Assets

Mirae Asset Global Investments announced on the 8th that the net assets of the ‘TIGER Eunhaeng Gobaedang Plus TOP10 Exchange Traded Fund (ETF)’ have surpassed 300 billion KRW.

According to the Korea Exchange, as of the closing price on the 7th, the net assets of the ‘TIGER Eunhaeng Gobaedang Plus TOP10 ETF’ stand at 311 billion KRW. Since its new listing in October last year, after 7 months, this ETF has grown to become the largest domestic equity high-dividend ETF (based on stock name).

The ‘TIGER Eunhaeng Gobaedang Plus TOP10 ETF’ focuses on the top 10 high-dividend stocks by combining leading bank stocks, which are representative high-dividend stocks, with strong insurance stocks. It is composed of stocks among major domestic banks that have paid cash dividends for three consecutive years and have high expected dividend yields. The portfolio includes 10 stocks in total, such as major financial holding companies and banks with a market capitalization of over 500 billion KRW including KB, Woori, Hana, and Shinhan, as well as high-dividend insurance stocks like Samsung Fire & Marine Insurance and Samsung Life Insurance.

Recently, bank stocks have continued their upward trend by announcing solid first-quarter earnings and shareholder return policies. Accordingly, as of the 7th, the year-to-date return of the ‘TIGER Eunhaeng Gobaedang Plus TOP10 ETF’ recorded 26.19%. This is the highest level among domestic equity high-dividend ETFs and significantly outperforms the KOSPI index return of 2.98% during the same period.

Another feature of the ‘TIGER Eunhaeng Gobaedang Plus TOP10 ETF’ is that it is a monthly distribution ETF that pays the same dividend every month. Most high-dividend ETFs listed domestically pay dividends quarterly or annually. In contrast, the ‘TIGER Eunhaeng Gobaedang Plus TOP10 ETF’ has paid a fixed dividend of 61 KRW every month from January to April this year. The expected annual dividend yield for this year is 6.1%. Investors are expected to be able to enhance the stability of their investment portfolios through stable monthly cash flows and also use the funds for reinvestment in various assets.

Kim Byung-seok, manager of the ETF Management Division at Mirae Asset Global Investments, said, “With the government announcing tax benefits for shareholder returns, major large banks are raising expectations by announcing quarterly equal dividend policies. The ‘TIGER Eunhaeng Gobaedang Plus TOP10 ETF’ is noteworthy as it dominates other high-dividend ETFs in both asset size and returns.”

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