Two New TIGER 7% Weekly Covered Call ETF Series Listed

Mirae Asset Global Investments announced on September 23 that it will newly list two products in the 'TIGER 7% Weekly Covered Call ETF Series' on the Korea Exchange.

The TIGER 7% Weekly Covered Call ETF Series utilizes an annual maximum distribution limit of 7%. This 7% is considered an appropriate distribution rate, taking into account the growth potential of the underlying assets, and serves as a sustainable withdrawal solution offered by the TIGER ETF. Since the ETF's distributions are paid by withdrawing amounts included in the ETF's net asset value, excessive distributions may result in principal loss, so investors should exercise caution.

The TIGER 200 Target Weekly Covered Call ETF is a monthly dividend ETF that tracks the growth of the KOSPI200 Index and aims for an annual distribution rate of up to 7%. The proportion of options sold is minimized to an average of about 20%, allowing for active participation in the growth of the KOSPI200.

The TIGER Korea Dividend Dow Jones Weekly Covered Call ETF is a product that adds option premiums to the TIGER Korea Dividend Dow Jones ETF. The stock portfolio is composed of high-quality dividend growth stocks that can provide stable dividends, considering dividend continuity, growth potential, and financial soundness. In addition, by selling options based on the KOSPI200 Index as the underlying asset, investors can expect additional distributions. As a result, the annual maximum distribution limit, including stock dividends (7%+α), is expected to be in the range of 10% to 12%.

By utilizing both products in the TIGER 7% Weekly Covered Call ETF Series, investors can create a biweekly distribution portfolio. The TIGER 200 Target Weekly Covered Call ETF distributes on the 15th of every month, while the TIGER Korea Dividend Dow Jones Weekly Covered Call ETF distributes at the end of each month. The distribution funds generated from option premiums are tax-exempt, allowing investors to enjoy tax benefits on a portion of the distributions.

Yoon Byungho, Head of Strategic ETF Management at Mirae Asset Global Investments, explained, "The TIGER 7% Weekly Covered Call ETF Series is designed to prioritize sustainable cash flow and principal growth based on the domestic stock market, while excluding the temptation of high distributions." He added, "Based on the growth potential of the KOSPI200 and the stability of dividend growth stocks, these products can serve as a stable alternative for securing post-retirement living funds."

To commemorate the launch of the two new products in the TIGER 7% Weekly Covered Call ETF Series, Mirae Asset Global Investments is holding a listing event for trading customers. Customers who meet the daily trading conditions for these ETFs at LS Securities and SK Securities will receive cultural gift certificates. Detailed information about the event can be found on the respective securities companies' websites.

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