Mirae Asset's 'TIGER Nasdaq 100 Covered Call ETF' Surpasses 1 Trillion Won in Assets
Mirae Asset's 'TIGER Nasdaq 100 Target Daily Covered Call ETF' has surpassed 1 trillion won in net assets, making it the largest among Korea-listed U.S. equity covered call ETFs. This ETF invests in the Nasdaq 100 index, aiming for an annual dividend yield of 15%, and pays out regular monthly dividends, which has made it quite popular among investors. Notably, it has achieved a year-to-date return of 15.82%, leading the domestic category of similar ETFs.
To commemorate this achievement, Mirae Asset is hosting a special purchase event. This event includes offering incentives through purchase confirmation, providing investors with additional benefits. Since its launch in June last year, the ETF has demonstrated stable and high profitability, attracting significant interest from investors.
Samsung Active Asset Management Launches New Active ETF in U.S. Biotech Sector
Samsung Active Asset Management has pioneered the launch of Korea's first active ETF focusing on mid-sized U.S. biotech and healthcare firms, named 'KoAct U.S. BioHealthcare Active ETF'. The fund stands out for its ability to promptly incorporate promising biotech companies through AI technology, keeping pace with the fast-growing global AI healthcare market. With a keen eye on generating significant returns, the ETF targets investment opportunities in leading firms within the innovative drug and medical device sectors.
This new ETF by Samsung aims to serve as a U.S. version of domestic biotech ETFs, particularly targeting mid-sized firms with high potential for M&A. Meanwhile, Mirae Asset Management and Shinhan Asset Management have also recorded impressive performances with their ETFs that focus on AI, biotech, and tech industries. These developments are offering global investors fresh avenues for high returns, spotlighting the synergistic potential of AI and biotech healthcare innovations.
Impact of KRW-USD Exchange Rate on ETF Investment Strategies
The recent maintenance of the KRW-USD exchange rate at 1400 has led to currency-exposed ETFs outperforming currency-hedged versions. This trend is largely attributed to the forex gains from the rising exchange rate, with some forecasts predicting a potential climb to 1500. In this climate, financial experts suggest that diversifying some portfolios with currency-hedged options could mitigate exchange rate volatility risks. While currency-exposed ETFs continue to report higher returns, it is noted that long-term investments may favor these options.
Moreover, analysis of the FTSE Global All Cap index reveals that the global stock market has more than tripled over the past decade, yet South Korea's share remains a modest 1.26%. This underscores the urgency of expanding overseas portfolios. Ye Kyung-jin from Mirae Asset Management recommends indirect investments for retirement planning by investing in ETFs such as SPY, VOO, and IVV, which track the S&P500, while also suggesting dividend stability-focused ETFs like VIG and SCHD.
Rapid Growth of Active ETFs and the Performance of 'SOL Korea Mega Tech'
The equity active ETF market is experiencing rapid growth, attracting significant interest from investors. Compared to the end of last year, the total net assets of domestic active ETFs have surged past 11 trillion won. While active ETFs have shown performances that exceed benchmark indices in some cases, it is crucial to be mindful of the risks in highly volatile markets. Furthermore, criticisms have arisen regarding regulations restricting the autonomy of this burgeoning market.
Shinhan Asset Management's 'SOL Korea Mega Tech Active' ETF stands out by surpassing 250 billion won. This fund focuses on themes like AI power infrastructure and energy storage systems (ESS), offering impressive returns by flexibly addressing promising themes. Key components like SK Hynix and Samsung Electronics contribute to its high returns, and the fund employs a strategy of actively investing in structurally growing industries by updating themes monthly.
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