Mirae Asset Global Investments Lists New 'TIGER Silver Active ETF'

Mirae Asset Global Investments has become the first domestic asset management company to complete a lineup of gold, silver, and copper spot Exchange Traded Funds (ETFs), marking an aggressive move into the commodities investment market.

On April 28, Mirae Asset Global Investments announced the new listing of the 'TIGER Silver Active' ETF on the Korea Exchange. With this new listing, Mirae Asset now offers a unique lineup among domestic asset managers, comprising the TIGER KRX Gold Spot ETF, TIGER Copper Spot ETF, and, now, the Silver Spot ETF, completing all three gold, silver, and copper spot ETFs.

The TIGER Silver Active ETF is a product that makes indirect investments in physical silver by tracking the international spot price of silver through the 'ICE Silver Spot Index.' Its most notable feature is the absence of rollover costs, which are a chronic issue with domestic silver futures ETFs due to contract expiry, thereby improving cost efficiency.

The ETF is also suitable for pension investments, taking advantage of tax-saving benefits. This product can be included in pension savings accounts up to 100% and in retirement pension (DC·IRP) accounts up to 70%. Investors can benefit from deferred taxation and lower tax rates, making this an attractive long-term, installment-based alternative for those seeking to manage silver assets.

Recently, the silver market has been undergoing a revaluation, primarily driven by expanding industrial demand. In the age of artificial intelligence (AI), demand for silver—valued both for its rarity as a precious metal and its growth potential as an advanced industrial material—has been highlighted, leading to rising prices. The gold-silver ratio, which measures the price level of silver relative to gold, has been declining, signaling growing investor interest in silver.

Kim Namho, Head of Global ETF Management at Mirae Asset Global Investments, stated, "In a phase of increasing asset market volatility, silver is an asset that combines the safety of a precious metal with the growth potential of an advanced industrial material. The TIGER Silver Active ETF is a cost-effective way to invest in physical silver without rollover costs, making it a suitable product for long-term investment via pension accounts."

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