TIGER KRX Gold Spot ETF Surpasses 600 Billion Won in Net Assets

Mirae Asset Global Investments announced on October 15 that the net assets of the 'TIGER KRX Gold Spot ETF' have surpassed 600 billion won.

According to the Korea Exchange, as of the closing price on October 14, the net assets of the 'TIGER KRX Gold Spot ETF' stood at 668 billion won. Since its initial listing on June 24, it has exceeded the 600 billion won mark in just about three months. This is attributed to a surge in demand for gold, a safe-haven asset, as investors seek to hedge against recent uncertainties.

As investment sentiment among individual investors toward gold has grown, buying momentum for the TIGER KRX Gold Spot ETF continues to strengthen. Since its listing, cumulative net purchases by individual investors recently surpassed 300 billion won, reaching 324.2 billion won as of October 14. This is the highest among all ETFs newly listed this year.

The TIGER KRX Gold Spot ETF is a physically-backed ETF that directly holds 99.99% pure gold listed on the KRX Gold Market and stores it with the Korea Securities Depository. The total expense ratio is 0.15% per year, the lowest among domestic gold ETFs. Unlike the fund-of-funds structure that invests in overseas gold ETFs, it does not incur double fees.

In addition to the TIGER KRX Gold Spot ETF, Mirae Asset Global Investments offers a wide range of gold investment opportunities in the global ETF market. This includes the world's first gold spot ETF listed in Australia, 'Global X Physical Gold (GOLD AU)', as well as gold investment ETFs utilizing a covered call strategy ('Global X Gold Yield'), and gold producer ETFs ('Global X Gold Producers'), providing a broad lineup in markets such as the United States, Canada, and India.

Kim Namho, Head of Global ETF Management at Mirae Asset Global Investments, explained, "The momentum for gold price increases is being sustained by the potential for US Federal Reserve interest rate cuts and rising geopolitical risks." He added, "For those considering long-term investments using gold as a safe asset, the 'TIGER KRX Gold Spot ETF', which offers the lowest fees in Korea, is the optimal solution."

Mirae Asset Global Investments is currently holding the 'TIGER Gold·Ban·Ji (Gold Spot/Finance?Semiconductor?Holding Company)' event for investors in the TIGER KRX Gold Spot ETF. Customers who meet the purchase requirements by October 31 will be eligible for a drawing to receive a physical gold ring as a gift.