Mirae Asset Management: "‘TIGER US S&P500’ and ‘TIGER Nasdaq100’ Two Funds Surpass Total Net Assets of 10 Trillion Won"

Mirae Asset Global Investments announced on the 12th that the combined net assets of the two ETFs tracking major U.S. indices, ‘TIGER US S&P500 ETF’ and ‘TIGER US Nasdaq100 ETF,’ have surpassed 10 trillion KRW.

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According to the Korea Exchange, as of the closing price on the 11th, the net assets of the ‘TIGER US S&P500 ETF’ stand at 6.2115 trillion KRW. This is the largest scale among equity ETFs listed domestically. It is also the largest U.S. S&P500 index-tracking ETF listed in the Asian ETF market. The net assets of the ‘TIGER US Nasdaq100 ETF’ amount to 4.298 trillion KRW. Currently, Mirae Asset Global Investments is the only asset management company in Asia whose total net assets of ETFs tracking the S&P500 and Nasdaq100 indices exceed 10 trillion KRW.

With growing interest from domestic investors in the U.S. stock market this year, TIGER ETFs are leading the U.S. investment ETF market. As of the 11th, the ‘TIGER US S&P500 ETF’ recorded a cumulative net purchase by individuals of approximately 1.72 trillion KRW since the beginning of the year, ranking first in net purchases by individuals among all ETFs listed domestically.

Fueled by the popularity among individual investors, it rose to become the top equity ETF by net assets in November. This is the first time a U.S. investment product has surpassed domestic investment products to become number one in net assets in the domestic equity ETF market. Since the U.S. presidential election, about 360 billion KRW of individual investor funds have flowed in, and expectations for growth in the U.S. market during the Trump 2.0 era continue to rise.

The ‘TIGER US Nasdaq100 ETF,’ known as the ‘first domestic U.S. investment ETF,’ is regarded as a representative success case of long-term investment in U.S. stocks. When it was listed in October 2010, the price per share was 10,000 KRW, and it has steadily grown to exceed 100,000 KRW. This year as well, driven by expectations for growth in the U.S. AI industry, the technology sector has been strong, and the Nasdaq100 index has been rising daily. As of the 11th, the ‘TIGER US Nasdaq100 ETF’ has recorded a year-to-date return of 39.3%.

TIGER U.S. major index ETFs have recently attracted attention from pension investors as well. Investing in U.S. and other overseas equity ETFs through retirement pension accounts can maximize the tax deferral effect. When trading overseas investment ETFs in general accounts, capital gains are subject to dividend income tax (15.4%), but in retirement pension or other pension accounts, dividend income tax is not imposed, and only pension income tax is paid upon withdrawal. Since profits can be reinvested, the tax deferral effect can lead to higher investment returns.

Namgi Kim, Head of ETF Management at Mirae Asset Global Investments, said, “2024 was a historic year when the ‘TIGER US S&P500 ETF,’ the first Korean ETF investing in the U.S., became the number one equity ETF by net assets. We expect 2025 to be the first year of global investment expansion. Investors can easily invest in the U.S. stock market, which leads global innovation, through Asia’s largest ‘TIGER US S&P500 ETF’ and ‘TIGER US Nasdaq100 ETF.’”

Meanwhile, to celebrate the combined net assets of the two U.S. major index ETFs surpassing 10 trillion KRW, Mirae Asset Global Investments is holding a customer appreciation event. From December 12 to 31, participants who certify purchases of one or both of the ‘TIGER US S&P500 ETF’ and ‘TIGER US Nasdaq100 ETF’ will be entered into a draw to receive books and gifticons. Detailed event information can be found on the TIGER ETF website.

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