Mirae Asset's Sharp Reduction in ETF Fees
Mirae Asset Global Investments is set to slash the fees on its TIGER leverage and inverse ETFs, aiming to enhance competitiveness. The company announced that these fees would drop to the industry's lowest level, about one-hundredth of what Samsung Asset Management's KODEX charges. This decision aligns with Chairman Park Hyeon-joo's intention to enhance investor accountability.
The domestic ETF market is now witnessing accelerated fee competition, and Mirae Asset's move is expected to intensify the market share battle. Although the conservative outlook from financial authorities may pose a challenge, Mirae Asset aims to offer more attractive options to investors in the high-stakes market.
The fee cut is essentially a move that sacrifices profitability, which can significantly benefit investors. This mirrors their strategy in the U.S. market where they have already strengthened their position by lowering fees, indicating a high growth potential in the global market. Coupled with plans for strengthened risk disclosures for investor protection, this measure is seen positively.
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