Mirae Asset Global Investments’ 'TIGER Money Market Active' ETF Ranks No. 1 in Money Market ETF Returns

Amid heightened volatility in the stock market, there is an accelerating trend of funds flowing into parking-type exchange-traded funds (ETFs), as investors seek to safely manage idle cash while maximizing interest income.

On August 27, Mirae Asset Global Investments announced that its 'TIGER Money Market Active' ETF ranked first among domestic listed money market ETFs in terms of annualized returns over the past three months. According to the Korea Exchange, as of August 26, the ETF posted an annualized return of 3.50% over the past three months, 3.77% over the past month, and 3.37% over the past six months, placing it among the top performers in its category.

The fund’s net asset value has reached 3.2837 trillion won, enabling it to grow into a leading large-cap money market ETF above the 3 trillion won threshold. The total expense ratio stands at 0.04% per annum, which is the lowest among similar products.

Money market ETFs invest in ultra-short-term bonds, commercial paper (CP), and electronic short-term bonds, aiming to deliver stable interest income. With low price volatility and the ability to be traded in real-time like stocks throughout the trading session, they are actively used as a 'parking-type' vehicle to flexibly store cash or short-term surplus funds during volatile market conditions.

Kim Dongmyung, Head of Fixed Income ETF Management at Mirae Asset Global Investments, stated, "The TIGER Money Market Active ETF is designed for investors who prefer to manage their idle or reserve funds securely, rather than take on higher risks," adding, "In a market where the risk characteristics among products are similar, actual performance and cost competitiveness can become key factors in product selection."

This content was produced with the assistance of AI translation services.