Mirae Asset Lists New "TIGER Semiconductor TOP10 Covered Call Active ETF"

Mirae Asset Global Investments announced on April 21 that it has newly listed the "TIGER Semiconductor TOP10 Covered Call Active" Exchange-Traded Fund (ETF).

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The TIGER Semiconductor TOP10 Covered Call Active ETF is the first covered call ETF in Korea to utilize options on individual domestic stocks. It aims to provide both the growth potential of the semiconductor industry and a monthly cash flow. The ETF is designed to directly employ call options on individual stocks such as Samsung Electronics and SK hynix. A representative from Mirae Asset Global Investments explained, "Unlike existing covered call ETFs, which are managed mainly through KOSPI 200 index options, this product utilizes individual stock options, allowing for the possibility of securing relatively higher premiums for the same expiration period."

In addition, it applies an active strategy to flexibly adjust the proportion of option selling according to market conditions. During periods when the semiconductor industry outlook is positive, the ETF reduces option selling or adjusts strike prices to increase participation in share price gains. When volatility expands, it increases the proportion of option selling to strengthen premium income. From a tax perspective, the premium income from domestic stock options is classified as tax-exempt, so a significant portion of the distribution is not included in financial income.

With this new listing, Mirae Asset Global Investments has completed its semiconductor investment lineup by adding a dividend investment-type product to its existing "TIGER Semiconductor TOP10" and "TIGER Semiconductor TOP10 Leverage" ETFs. This ETF pays distributions on the 15th of every month. If investors also invest in ETFs that distribute at the end of each month, they can diversify payout dates and construct a portfolio that secures cash flow twice a month.

Jung Heehyun, Head of ETF Management Division at Mirae Asset Global Investments, stated, "The semiconductor industry is a key driver of earnings growth in the Korean stock market, and this ETF offers an investment alternative that seeks both the growth potential of semiconductors and stable cash flow. It is suitable for investors considering both growth and income, as its covered call strategy using individual stock options allows flexible responses to market conditions."

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