TIGER ETF: K Dividend Series Surpasses 1.2 Trillion Won in Net Assets

Mirae Asset Global Investments announced on November 10 that the combined net asset value of two "TIGER K Dividend Series" ETFs-TIGER Bank High Dividend Plus TOP10 ETF and TIGER Korea Dividend Dow Jones ETF-has surpassed 1.2 trillion won.

According to the Korea Exchange, as of the market close on November 7, the net asset value of the TIGER Bank High Dividend Plus TOP10 ETF stood at 715.1 billion won. This ETF focuses on investing in 10 domestic high-dividend bank stocks, including Woori Financial Group, Industrial Bank of Korea, Shinhan Financial Group, Hana Financial Group, and KB Financial Group.

The TIGER Korea Dividend Dow Jones ETF, which was newly listed in May, recorded a net asset value of 529 billion won. This ETF diversifies its investments across 30 high-dividend blue-chip stocks, selected based on dividend yield, dividend growth rate, return on equity (ROE), and cash flow to debt ratio. Major holdings include Hyundai Glovis, Samsung Life Insurance, DB Insurance, BNK Financial Group, and Woori Financial Group.

Recently, as discussions on lowering the maximum tax rate for separate taxation of dividend income have been underway to revitalize the stock market, interest in the TIGER K Dividend Series has been growing. If separate taxation of dividend income is implemented, dividend income will not be included in comprehensive income, enhancing the appeal of dividend investing by highlighting tax savings and stable cash flow. The TIGER Korea Dividend Dow Jones ETF currently has the highest proportion of holdings eligible for separate taxation on dividend income among all TIGER ETFs, making it well-positioned to benefit.

The two TIGER K Dividend Series ETFs are monthly dividend ETFs that pay out a set amount of distributions each month. Typically, as each company has a different dividend record date, it is difficult for investors to predict the exact dividend amount, but these ETFs increase the predictability of cash flow. By investing in both TIGER K Dividend Series ETFs, investors can build a monthly dividend portfolio that pays dividends twice a month. The TIGER Korea Dividend Dow Jones ETF pays distributions based on the 15th of each month, while the TIGER Bank High Dividend Plus TOP10 ETF pays at the end of each month.

Jeong Huiyeon, Head of ETF Management at Mirae Asset Global Investments, stated, "The TIGER Korea Dividend Dow Jones ETF is a product that pursues both high dividend growth and high dividend yield," and introduced, "If value-up disclosures are implemented in the future, all the constituent stocks of the Bank High Dividend Plus TOP10 ETF are expected to become eligible for separate taxation on dividend income."

He added, "Through the TIGER K Dividend Series, investors can pursue high dividend growth, high dividend yield, and stable monthly dividend investing."

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