Mirae Asset Global Investments leading market with TIGER ETF

• Published date: 26 February 2023
• Publication title: The Korea Times

Amid turbulent global financial markets in the aftermath of the COVID-19 pandemic and key rate hikes, Mirae Asset Global Investments is leading exchange-traded funds (ETF)?with its TIGER ETF. Providing a diverse spectrum of products, it enables investors to pursue both growth and stability depending on the market surroundings.

According to the Korea Exchange, there are 155 TIGER ETFs as of Feb. 21. That sees Mirae Asset having the biggest number of ETFs in the country. The net asset value of TIGER ETFs now amounts to 34 trillion won ($25.9 billion), taking 38 percent of the local ETF market, as it satisfied investors by offering diversity in its ETF choices.

Since 2006 when it first launched TIGER ETF, Mirae Asset Global Investments has been leading the market in innovation- and growth-themed ETFs. This includes the launch of TIGER NASDAQ 100 which tracks the Nasdaq-100 index for the first time in the country. As an index that represents Silicon Valley, Nasdaq-100 represents global innovation including Microsoft, Google and Apple.

More recently, Mirae Asset has been launching ETFs representing new trends such as ChatGPT and leading technological innovations such as cloud services and electric vehicles. TIGER China Electric Vehicle Solactive, Tiger China Hang Seng Tech ETF, TIGER US Tech Top 10 INDXX, and TIGER US PHLX Semiconductor Sector Nasdaq ETF are among examples highly evaluated by investors for enabling betting on global innovative firms with high growth potential.

Mirae Asset also led a new trend in the market with ETFs of various interest rates. Its TIGER CD Rate Investment KIS Synth ETF was especially a big hit amid a steep hike of CD rates, with net asset value surpassing 5 trillion won in early February. It is the only ETF to attain that figure...