Mirae Asset's TIGER US Dividend Dow Jones ETF Surpasses 1 Trillion KRW in Net Assets

Mirae Asset Global Investments announced on the 20th that the net assets of the ‘TIGER US Dividend Dow Jones ETF’ have surpassed 1 trillion KRW. It is the first monthly dividend stock-type ETF listed domestically to achieve this milestone.

According to the Korea Exchange, as of the closing price on the 19th, the net assets of the ‘TIGER US Dividend Dow Jones ETF’ amounted to 1.0342 trillion KRW. It exceeded 1 trillion KRW in net assets within one year since its new listing on June 20 of last year. This is the first time a monthly dividend stock-type ETF listed domestically has surpassed 1 trillion KRW in net assets.

The TIGER US Dividend Dow Jones ETF is a monthly dividend ETF that invests in high-quality, high-dividend companies recognized for their dividend sustainability and growth, having consistently paid dividends for over 10 years. Since its listing, it has paid an average monthly dividend of 33.5 KRW. As of the 19th, the annual dividend yield stands at approximately 3.57%. The ETF’s underlying index is the ‘Dow Jones US Dividend 100 Index,’ which is also tracked by the US-listed ‘Schwab US Dividend Equity ETF (SCHD).’

The TIGER US Dividend Dow Jones ETF has attracted significant interest among individual investors because it allows them to receive the high dividend income paid by the US SCHD in monthly distributions. Since the beginning of the year, the cumulative net purchases by individuals have reached 527 billion KRW, ranking first among monthly dividend ETFs listed domestically.

The total expense ratio of the TIGER US Dividend Dow Jones ETF is low at 0.01% per year, and as a large ETF with net assets of 1 trillion KRW, it reduces the burden of other costs, thereby maximizing investment returns. The larger the net asset size of an ETF, the more it can reduce costs incurred from trading within the fund, which lowers the trading fees and other expenses borne by investors.

Ham Min-jeong, manager of the ETF management division at Mirae Asset Global Investments, said, “The TIGER US Dividend Dow Jones ETF invests in US dividend growth companies that consider not only high dividend yields but also financial soundness and corporate growth potential. It is a product that allows investors to enjoy both capital gains from the long-term upward trend of the US stock market and stable income received monthly.”

Mirae Asset Global Investments is holding an event to celebrate the TIGER US Dividend Dow Jones ETF surpassing 1 trillion KRW in net assets. Gifticons will be given by lottery among those who answer the ETF-related quiz correctly. Detailed event information can be found on the TIGER ETF website.

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