Mirae Asset Global Investments' Combined Net Assets of 'TIGER U.S. S&P500' and 'NASDAQ100' ETFs Surpass 30 Trillion Won
Individual Net Purchases Exceed 5.3 Trillion Won This Year
Over 50% Market Share in U.S. Benchmark Index ETFs
Mirae Asset Global Investments announced on July 22 that the combined net assets of its two flagship U.S. index ETFs—'TIGER U.S. S&P500 ETF' and 'TIGER U.S. NASDAQ100 ETF'—have surpassed 30 trillion won.
According to the Korea Exchange, as of the market close the previous day, the combined net assets of these two products were recorded at 30.9908 trillion won. This figure accounts for more than 50% of the total net assets of all U.S. benchmark index ETFs listed on the domestic stock market. In other words, over half of the funds entrusted by domestic investors to track major U.S. indices are concentrated in the TIGER ETFs.
Individual investors have also continued to inject capital into these products. From the beginning of this year through July 21, the total net purchases by individual investors in the 'TIGER U.S. S&P500' and the 'TIGER U.S. NASDAQ100' reached 5.3373 trillion won, exceeding half of all individual net purchases in U.S. benchmark index ETFs listed domestically during the same period.
Each product continues to maintain a dominant position in its category. 'TIGER U.S. S&P500' and 'TIGER U.S. NASDAQ100' each have the largest net assets among S&P500 and NASDAQ100 tracking ETFs listed in Korea, respectively. These are also the largest among similar ETFs listed throughout Asia. On the overall domestic ETF net asset rankings, the two products now occupy the second and third positions, respectively.
Notably, 'TIGER U.S. S&P500' has become a representative product for long-term, recurring investing using pension accounts due to its broad diversification across 500 leading U.S. companies. 'TIGER U.S. NASDAQ100' continues to be chosen by investors seeking growth, primarily in U.S. technology stocks. Since listing, its cumulative return has exceeded 1,700%, demonstrating strong long-term growth potential.
Recently, the domestic stock market has entered a correction phase led by the semiconductor sector, increasing overall volatility. As a result, interest in overseas asset allocation is rising. In the context of investing retirement funds, it is becoming increasingly important to manage assets with a long-term perspective and reduce volatility arising from movements in specific sectors or stocks. There is ongoing demand among pension investors—who emphasize long-term investment and diversification—to include U.S. benchmark index products, focused on large-cap blue-chip stocks, as core assets in their portfolios.
Sangyul Kim, Head of Global ETF Management at Mirae Asset Global Investments, stated, “TIGER U.S. S&P500 and TIGER U.S. NASDAQ100 started as the first physically-backed ETFs tracking U.S. benchmark indices listed domestically, and they have become flagship products for long-term diversified investing. The fact that both products account for more than half of the net assets and individual net purchases in the domestic U.S. benchmark index ETF market means that many investors are sustaining their long-term confidence in the U.S. market through the TIGER ETFs.”
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He added, “We will continue to support domestic investors’ global asset allocation and long-term wealth creation based on stable management.”
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