Mirae Asset Global Investments' TIGER Dividend Covered Call Active ETF Surpasses 800 Billion Won in Net Assets
Mirae Asset Global Investments announced on March 25 that the net asset value (NAV) of the 'TIGER Dividend Covered Call Active Exchange-Traded Fund (ETF)' has surpassed 800 billion won.
According to the Korea Exchange, as of the closing price on March 24, the NAV of the TIGER Dividend Covered Call Active ETF stood at 834 billion won. This represents an increase of approximately threefold from around 240 billion won at the beginning of the year. This ETF is the only active covered call ETF investing in domestic equities, and the recent expansion in demand is attributed to investors seeking flexible responses through active covered call strategies amid heightened market volatility.
This ETF is characterized by its use of flexible option strategies that seek to provide downside protection while also participating in market upswings, depending on market conditions. Amid continued high volatility, the fund has been adjusting the proportion of KOSPI200 call options to reflect the current market environment. Since March, the fund has posted a return of -7.74%, which is about 3 percentage points higher than the KOSPI200 index's return of -11.32%.
With ongoing instability in the market, there is growing interest in monthly dividend ETFs that offer consistent cash flows each month. The TIGER Dividend Covered Call Active ETF is paying a special monthly distribution of up to 2% during the first half of 2026, reflecting its performance during the second half of last year. A key feature is its ability to provide relatively stable monthly cash flows based on active management performance. The ETF distributes dividends at the end of every month, and investors who purchase shares by March 27 will be eligible to receive the March dividend.
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Jung Heehyeon, Head of ETF Management at Mirae Asset Global Investments, stated, "The TIGER Dividend Covered Call Active ETF offers the advantage of actively responding to both portfolio and option strategies in volatile market conditions. During the first half of 2026, the fund will provide monthly distributions of up to 2%, aiming for stable cash flow through end-of-month dividend payments."
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