Mirae Asset Surpasses 3 Trillion Won in Net Assets with Two TIGER US Flagship Index Covered Call ETFs

Two of Mirae Asset Global Investments' U.S. flagship index covered call Exchange Traded Funds (ETFs), which enable participation in long-term index growth while securing stable distributions every two weeks, have surpassed a combined 3 trillion won in net assets.

On September 17, Mirae Asset Global Investments announced that the total net assets of the “TIGER US S&P500 Target Daily Covered Call ETF” and the “TIGER US NASDAQ100 Target Daily Covered Call ETF” have exceeded 3 trillion won. As of September 16, their net assets were tallied at 650.1 billion won and 2.4441 trillion won, respectively.

These products employ a “target daily covered call” strategy, which involves selling daily options with short maturities at only about a 10% level. By minimizing the proportion of options sold, the funds are designed to raise the index participation rate to approximately 90%, while also securing monthly cash flows.

The TIGER US S&P500 Target Daily Covered Call ETF has recorded a cumulative individual net purchase of 378.7 billion won since its listing. Recently, the distribution policy was changed from the end of the month to mid-month, and in addition to the existing option premium income, dividend income from the stocks held by the fund was included as a source for distributions.

The TIGER US NASDAQ100 Target Daily Covered Call ETF is the largest among overseas flagship index covered call ETFs listed in Korea. Since its listing, it has seen cumulative individual net purchases of 1.5176 trillion won, drawing the interest of long-term investors as it allows for steady monthly cash flow while investing in the NASDAQ100.

Holding both products allows investors to construct a biweekly distribution portfolio for major U.S. indexes. The S&P500 Target Daily Covered Call ETF sets its distribution record date on the 15th of every month, while the NASDAQ100 Target Daily Covered Call ETF’s record date falls at the end of each month. Therefore, holding both funds enables investors to receive distributions every two weeks.

Lee Jeonghwan, Head of Strategic ETF Management at Mirae Asset Global Investments, stated, “When market volatility increases, it is psychological anxiety—rather than fluctuations in returns—that makes it difficult for investors to maintain a long-term approach. The biweekly distribution solution, which allows investors to earn distributions every two weeks from the S&P500 and NASDAQ100—two of the most prominent U.S. indices—will serve as a powerful driving force for long-term investment, even under volatile market conditions.”

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