Mirae Asset 'TIGER US S&P500' ETF Surpasses 20 Trillion Won in Net Assets in Record Time
In Just 5 Years and 11 Months Since Listing
Mirae Asset Global Investments announced on July 2 that the net asset value of the 'TIGER US S&P500' exchange-traded fund (ETF) has surpassed 20 trillion won, marking the first time a domestically listed overseas equity ETF has reached this milestone.
Listed in August 2020, this ETF achieved 20 trillion won in net assets in just 5 years and 11 months, setting a record as the fastest-growing ETF among those listed in Korea.
According to the Korea Exchange, as of the previous day's closing price, the net asset value of the TIGER US S&P500 ETF stood at 20.2923 trillion won. The fund reached 10 trillion won in October last year and surpassed 20 trillion won in less than nine months.
Consistent purchases by individual investors have been the main growth driver. In 2024, the TIGER US S&P500 ETF ranked first in net purchases by individuals among all domestically listed ETFs, and it also attracted the most individual capital last year, maintaining the top spot for two consecutive years.
In the first half of this year, net purchases by individuals amounted to 3.1884 trillion won, making it the ETF with the highest inflow of individual funds among those tracking the same index.
In particular, the TIGER US S&P500 ETF is a physically-backed ETF that can be invested in through personal pension and retirement pension accounts, establishing itself as a representative product for long-term investment in the leading US index.
Hot Picks Today
Changing Outfits and Snapping Photos in Hotels... "Please Don't Take Pictures": Europe Cracks Down on Influencers Over Privacy Concerns
- "Tried leveraged semiconductor stocks, watched 3.5 billion won shrink to 200 million won": Salaried investor in tears
- Lim Gwanghyeon Meets Blue House Staff: "Blue House Must Make the Impossible Possible... Aides Must Speak Frankly to President, Too"
- "I Should Enjoy It After Retirement": Prices Quadruple... Memberships Over 100 Million Won Popular, but Closures Mount
- "Come Live With Me on My Farm": Man Sells Everything and Travels 1,930 km, Trusting a Beautiful Woman
Kim Namgi, Head of ETF Management at Mirae Asset Global Investments, stated, "The achievement of 20 trillion won in net assets for the 'TIGER US S&P500 ETF' is a symbolic milestone that demonstrates long-term, installment-based investments through pensions are becoming an established part of Korea's investment culture." He added, "We will continue to do our best to ensure that the 'TIGER US S&P500 ETF' becomes the leading product in helping investors build stable retirement assets."
© The Asia Business Daily. All rights reserved. Unauthorized AI training and use prohibited.
