Mirae Asset Global Investments said its TIGER 200 ETF posted the highest year-to-date return among exchange-traded funds (ETFs) listed in Korea that invest in the KOSPI 200 index.
According to the Korea Exchange Wednesday, the TIGER 200 ETF recorded a year-to-date return of 145.5% as of the previous day, the highest among the 15 ETFs tracking the KOSPI 200 index listed in Korea. As the KOSPI 200 index has shown the steepest gain year-to-date among major global indices, the fund’s net assets reached 12.866 trillion won, supported by buying from individual investors. The milestone came about one month after net assets surpassed 10 trillion won last month.
The TIGER 200 ETF is a benchmark domestic index ETF that tracks an index composed of the top 200 blue-chip companies on the KOSPI. It invests heavily in leading semiconductor stocks driving the Korean stock market, such as Samsung Electronics and SK hynix. Its top holdings include Samsung Electronics (33.2%), SK hynix (32.6%), SK Square (3.7%), Samsung Electro-Mechanics (2.5%), and Hyundai Motor (1.6%).
Park Hyeon-joo, chairman and global strategy officer (GSO) of Mirae Asset Group, has emphasized the usefulness of ETFs as an alternative that can offset the uncertainty and volatility of investing in individual companies in the capital market. He maintains that long-term, diversified investment through ETFs is paramount for effectively hedging against market fluctuations while reaping the long-term growth benefits of the capital market.
“The most efficient way to invest in Korea’s benchmark index is the TIGER 200 ETF,” said Jung Eui-hyun, head of the ETF management division at Mirae Asset Global Investments. “With low fees, high liquidity, and excellent tracking performance, it will be the optimal choice for investors looking to invest in the Korean stock market.”