'TIGER Dividend Covered Call Active' ETF Marks One Year of Special Distributions, Ranks No. 1 in Period Returns
No. 1 in One-Year Returns Among Domestic Covered Call ETFs
Continued Special Distributions in the Second Half Based on Active Management
Mirae Asset Global Investments announced on July 14 that the 'TIGER Dividend Covered Call Active' exchange-traded fund (ETF) marked its first anniversary since introducing special distributions, and ranked No. 1 in one-year returns among domestic covered call ETFs over the past year.
According to the Korea Exchange, as of the previous day, the one-year return of the 'TIGER Dividend Covered Call Active' ETF was 123.24%. This is the highest figure among domestic listed covered call ETFs. Its net asset value stands at around 2.1 trillion won, making it the largest active covered call ETF listed in Korea.
This ETF has been providing investors with additional cash flow through special distributions based on fund performance since last year. Unlike conventional covered call strategies that rely on option premiums, this ETF uses excess returns from active management as the source for special distributions.
In the first half of this year, special distributions of up to 2% per month were made based on performance. The distribution ratio for June was 2.05%. Mirae Asset Global Investments plans to continue special distributions in the second half of the year by utilizing resources secured from performance in the first half.
The TIGER Dividend Covered Call Active ETF invests in high-quality domestic companies with strong dividend growth potential, while flexibly utilizing option strategies according to market conditions to pursue both capital gains and stable monthly distributions. In particular, through active management, it seeks to deliver differentiated results compared to typical passive covered call strategies.
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Lee Junghwan, Head of Strategic ETF Management at Mirae Asset Global Investments, stated, "For covered call ETFs, not only the distribution rate but also long-term total return is of utmost importance. The TIGER Dividend Covered Call Active ETF aims to create a new investment culture for covered call strategies by sharing outstanding active management results with investors through special distributions, thereby pursuing both stable cash flow and capital gains."
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