Mirae Asset, 'TIGER Total World Stock Active ETF' Surpasses 100 Billion KRW in Net Assets

Mirae Asset Global Investments announced on July 25 that the net asset value (NAV) of the 'TIGER Total World Stock Active' Exchange Traded Fund (ETF) has surpassed 100 billion KRW.

According to the Korea Exchange, as of the closing price on July 24, the NAV of the 'TIGER Total World Stock Active ETF' stood at 106.8 billion KRW. On the day of its listing alone, the ETF recorded a net purchase of 11.6 billion KRW by individual investors, and continued buying momentum has pushed its NAV above 100 billion KRW within just one month of listing.

The 'TIGER Total World Stock Active ETF' is the first ETF in Korea to offer diversified investment across global stock markets in a single product. Its benchmark index is the 'FTSE Global All Cap Index'. Comprising over 10,000 global stocks from both developed and emerging markets, this is the broadest global stock benchmark, covering about 98% of the investable universe worldwide. By setting the allocation ratio between the United States and other countries at 60:40, the ETF enables balanced diversification across global markets, avoiding excessive concentration in the US.

This year, global stock markets have been on an upward trend, not only due to the US market but also because of structural reforms such as Europe's 'ReArm Europe' policy, the expansion of Japan's new NISA and pressure for improvements in low PBR companies, as well as Korea's amendments to the Commercial Act and increased shareholder returns. On the previous day, the 'FTSE Global All Cap Index' had risen 11.8% year-to-date, outperforming the US S&P 500 Index, which gained 8.2%. In terms of volatility, the ETF has shown relatively stable performance through diversified investment.

Jung Heehyun, Head of ETF Management, stated, "'TIGER Total World Stock Active ETF' is a true core product that allows investors to access global stock markets through a single ETF. Especially with market capitalization-weighted rebalancing, investors do not need to predict or adjust the market themselves, making it the most rational solution for comprehensively benefiting from global growth from a long-term perspective."

Meanwhile, the 'TIGER Total World Stock Active ETF' is referred to as the 'Korean VT', as it tracks the same index as the 'Vanguard Total World Stock ETF' listed in the US. VT is a flagship product of the US ETF manager Vanguard, and currently has a NAV of approximately 69 trillion KRW.

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