Mirae Asset Tops Individual Net Buying in Second Half with 'TIGER US S&P500 ETF'

Despite increased stock market volatility in the second half of this year, individual investors have continued to make regular purchases of U.S. index funds, resulting in the highest net buying from individuals being recorded in Mirae Asset Global Investments' "TIGER S&P500" exchange-traded fund (ETF).

On September 15, Mirae Asset Global Investments announced that the TIGER US S&P500 ETF has ranked first in terms of net buying by individual investors among all domestically listed ETFs in the second half of this year.

According to the Korea Exchange, during the 52 trading days from July 1 to September 14, individual net purchases of the TIGER US S&P500 ETF totaled KRW 1.4644 trillion, making it the leader among all domestically listed ETFs. Moreover, there has been continuous net buying by individuals for 103 consecutive trading days since April 15, with a cumulative total of KRW 3.0613 trillion. During the second half, the TIGER US Nasdaq100 ETF also attracted KRW 682.1 billion in individual investment (ranking fifth overall). As a result, the combined net buying by individuals for these two TIGER US index ETFs in the second half amounted to KRW 2.1465 trillion.

It is particularly noteworthy that this buying streak persisted even during the recent period of a falling exchange rate. While the S&P500 index has risen slightly in the second half of the year, the KRW-USD exchange rate dropped by over 13%, from 1,549.4 won at the end of June to 1,347.3 won as of September 14. The continued buying despite such currency declines demonstrates that long-term demand for U.S. index funds remains strong among individual investors, regardless of exchange rate fluctuations.

Following a scheduled rebalancing after the market closes on the 18th, the S&P500 index will add three new constituents—Bloom Energy (fuel cells), Everpure (data storage), and Illumina (genome analysis)—beginning on the 21st. With mere ETF holdings and without individual stock transactions, investors can automatically incorporate new high-growth companies in artificial intelligence (AI) infrastructure and biotechnology into their portfolios.

Sangyul Kim, Head of Global ETF Management at Mirae Asset Global Investments, commented, "Individual investors' leading net purchases in the second half show that during market turbulence, investors favored diversified, time-tested U.S. benchmark indices over single stocks or specific sectors for long-term investing. As the S&P500 index regularly reflects emerging growth industries such as AI infrastructure, data, and biotechnology, we will do our best to ensure that investors can participate in the continued growth of the U.S. economy through the 'TIGER US S&P500 ETF' alone."

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