Mirae Asset's 'TIGER US S&P500+10% Premium Ultra-Short-Term Option ETF' Surpasses 60 Billion KRW in Net Assets

Mirae Asset Global Investments announced on the 30th that the net assets of the ‘TIGER US S&P500+10% Premium Ultra-Short-Term Options’ exchange-traded fund (ETF) have surpassed 60 billion KRW.

According to the Korea Exchange, as of the closing price on the 29th, the net assets of the ‘TIGER US S&P500+10% Premium Ultra-Short-Term Options ETF’ stand at 63 billion KRW. This ETF, which was listed on the 21st, exceeded 60 billion KRW in net assets within just 7 trading days.

The ‘TIGER US S&P500+10% Premium Ultra-Short-Term Options ETF’ is attracting strong interest from individual investors. On the listing day alone, 23.1 billion KRW of individual investor funds flowed in, making it the highest individual net purchase on the listing day among domestic monthly dividend ETFs. As of the 29th, the cumulative net purchase by individuals amounts to 45.6 billion KRW.

The ‘TIGER US S&P500+10% Premium Ultra-Short-Term Options ETF’ invests in the S&P500 index and aims to provide appropriate monthly dividends as a monthly dividend covered call ETF. Unlike typical covered call ETFs, it lowers the option selling ratio to an average of 10% and increases the participation ratio in the S&P500 index’s rise. Through this, it seeks to closely track the S&P500 index returns while simultaneously pursuing a high level of monthly dividends.

As of the 29th, the daily S&P500 index rise participation rate of the underlying index of the ‘TIGER US S&P500+10% Premium Ultra-Short-Term Options ETF’ is over 90% (93.1% on the 21st, 100% on the 24th, 90.9% on the 28th). The rise participation rate refers to the performance of the ETF’s underlying index compared to the daily S&P500 index performance, excluding days when the index declined. The higher the participation rate, the closer the expected returns are to investing directly in the S&P 500 index.

Mirae Asset Global Investments is holding a customer appreciation event to celebrate the ‘TIGER US S&P500+10% Premium Ultra-Short-Term Options ETF’ surpassing 60 billion KRW in net assets. From May 29 to June 12, customers who purchase and verify their investment in the ETF will be entered into a draw to receive gifticons. Detailed event information is available on the TIGER ETF website.

Kim Su-myeong, Senior Manager of the Strategic ETF Management Division at Mirae Asset Global Investments, said, “By frequently selling ultra-short-term options with short maturities, investors can expect high levels of income even by selling a small amount of options. The TIGER US S&P500+10% Premium Ultra-Short-Term Options ETF is optimized for investors who want to reduce the option selling ratio innovatively, invest as much as possible in the S&P500 index’s rise, and receive high monthly dividends.”

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