Mirae Asset Global Investments to Delist 'TIGER Metal Futures ETF' on August 4
Trust Principal at 4 Billion KRW
Redemption Proceeds to Be Paid on August 6
Mirae Asset Global Investments will delist the 'TIGER Metal Futures (H) Exchange-Traded Fund (ETF)'.
On July 2, the Korea Exchange announced that it would delist this ETF on August 4, following a request from Mirae Asset Global Investments to delist small-scale ETFs with decreased trust principal.
The ETF in question is the 'TIGER Metal Futures (H) ETF', and as of July 1, its trust principal stood at 4 billion KRW.
Investors holding this ETF can sell it at the prices quoted by liquidity providers (LPs) until July 31, which is the second-to-last trading day before delisting.
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For investors who hold the ETF until the delisting date, redemption proceeds will be paid after deducting expenses such as management fees from the net asset value. The redemption proceeds are scheduled to be paid on August 6.
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