Mirae Asset Global Investments said on Jan. 7 that its Tiger ETFs have surpassed 100 trillion won in total net assets.
According to the Korea Exchange, the combined net assets of 220 Tiger ETFs stood at 100.32 trillion won as of the close on Jan. 6. Launched with its first product in June 2006, Tiger ETFs mark their 20th listing anniversary this year. After surpassing 50 trillion won in March 2024, the lineup doubled in size in about 2 years.
Mirae Asset Global Investments is also showing strength in overseas investment by leveraging a global ETF network spanning 13 regions worldwide. Tiger US Nasdaq 100, South Korea’s first U.S. benchmark index ETF, has posted a cumulative return of 1,553 percent since listing.
Tiger US S&P 500 has exceeded 13 trillion won in net assets, becoming the largest ETF among those listed in South Korea. The product is used as a long-term investment vehicle through pension accounts. It also maintains a stable mix, with 47.8 trillion won in domestic assets, 50.7 trillion won in overseas assets and 1.8 trillion won in blended domestic and overseas assets.
On the back of those results, Tiger ETFs hold about a 40 percent share of retail investors’ assets under management, and have kept the top spot in retail investor share for 50 consecutive months on a month-end basis since November 2021.
Jun Yong Lee, vice chairman and chief executive of Mirae Asset Global Investments, said Tiger ETFs surpassing 100 trillion won was thanks to investors’ trust. He said the firm will continue to discover innovative products as a global asset manager and become a partner that helps successful asset management.