Mirae Asset Renames TIGER CD1 Year Interest Active Fund

No.1 Yield Among KRW-Based Interest Rate ETFs Listed Domestically
Lowest Domestic Total Expense Ratio...Net Assets Surpass 1 Trillion Won

Mirae Asset Global Investments announced on the 14th that it will change the name of the 'TIGER 1-year Bank Negotiable Certificate of Deposit Active (Synthetic) ETF' to 'TIGER CD 1-year Interest Rate Active (Synthetic) ETF.'

This is the first domestic interest rate ETF that tracks the 1-year Negotiable Certificate of Deposit (CD) interest rate. The 1-year CD interest rate is calculated on a daily basis with compound interest applied daily, allowing investors to earn the 1-year CD daily interest rate even with just one day of investment, without any time or condition restrictions.

Mirae Asset Global Investments changed the name to intuitively convey the ETF’s feature of tracking the 1-year CD interest rate to investors.

According to the Korea Exchange, as of the closing price on the 13th, the net assets of the ‘TIGER CD 1-year Interest Rate Active (Synthetic) ETF’ stood at 1.0129 trillion KRW. It pursues higher returns than existing domestic interest rate ETFs and has the lowest total expense ratio (annual 0.0098%) among all domestic ETFs, which has sustained strong buying interest from individual investors. It surpassed 1 trillion KRW in net assets just four months after its launch on February 6.

From the listing date to the 13th of this month, the cumulative return (NAV, annualized) of the ‘TIGER CD 1-year Interest Rate Active (Synthetic) ETF’ recorded 3.661%. During this period, it achieved the highest return among domestic KRW-based interest rate ETFs such as the 91-day CD and KOFR (Korea Overnight Financing Rate).

Using retirement pension and Individual Savings Account (ISA) accounts, which offer tax benefits, with the TIGER CD 1-year Interest Rate Active (Synthetic) ETF is expected to further increase the actual investment returns after deducting fees and taxes.

Jung Seung-ho, head of the FICC ETF Management Division at Mirae Asset Global Investments, said, "We expect investors to easily understand and invest in the product through the name change," adding, "The TIGER CD 1-year Interest Rate Active (Synthetic) ETF is designed to pursue higher returns than existing domestic interest rate ETFs."

Mirae Asset Global Investments is holding an event to commemorate the ETF name change. Until the 28th, participants who answer the quiz related to the ETF correctly will be entered into a draw to receive gifticons. Detailed event information can be found on the TIGER ETF website.

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