ETF Dividend Reduction Controversy and New Distribution Strategies
The Financial Supervisory Service is set to investigate the controversy surrounding the reduction of ETF dividends by Mirae Asset Global Investments. Mirae Asset reduced the dividends of its two products, TIGER US S&P500 and TIGER US Nasdaq 100, by 31% and 61% respectively, leading to investor dissatisfaction. The adjustment was attributed to changes in the foreign tax credit approach, although comparative analysis with similar ETFs revealed inconsistencies. Mirae Asset plans to distribute the remaining dividends in April.
Meanwhile, the Financial Supervisory Service is considering institutional improvements in the distribution guidance procedure, and Mirae Asset is planning to enhance transparency in dividend information disclosure. This approach seems to be aimed at rebuilding trust with investors.
In parallel, Mirae Asset's TIGER US Core Index Covered Call ETFs have surpassed a net asset total of 1 trillion won, showcasing a new dividend strategy. These ETFs set target yields of 10% and 15%, respectively, and utilize option premiums favorable for long-term investment. These strategies are spotlighted as stable investment options amidst economic recession concerns.
TIMEFOLIO Asset Management's 'TIMEFOLIO Korea Plus Dividend Active ETF' recorded an 8% dividend and 13% price increase last year, outperforming the KOSPI 200. This ETF offers a tax-exempt dividend investment opportunity and maximizes tax-saving benefits by distributing more than half of its dividends as tax-exempt.
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화이트페이퍼2025 2月 27
Mirae Asset Management, Three Covered Call ETFs on U.S. Key Indexes Surpass 1 Trillion Won in Total Net Assets - WhitePaper[WhitePaper=Reporter Ko Soo-ah] The combined total net assets of Mirae Asset Management's 'TIGER U.S. Key Indexes Covered Call' ETFs have surpassed 1 trillion won. According to Mirae Asset Management on the 27th, the net assets of 'TIGER U.S. NASDAQ100 Target Daily Covered Call ETF (486290)' and 'TIGER U.S. S&P500 Target Daily Covered Call ETF (482730)' were recorded at 664.9 billion won and 326 billion won, respectively, based on the closing price in the securities market yesterday. These two ETFs are monthly dividend ETFs that track the major U.S. indexes (NASDAQ100, S&P Index) and apply a covered call strategy.
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Mirae Asset Dividend Reduction Controversy Leads to Financial Supervisory Service Review of System Improvement - Seoul Economic DailySecurities > Domestic Stock Market News: As the controversy over the reduction of distributions in Mirae Asset Management's ETFs emerges, financial authorities are reviewing system improvements related to the guidance on distribution payments ...
[Exclusive] Mirae Asset's 'Dividend Reduction' Controversy Under Review by FSS - Money TodayThe Financial Supervisory Service (FSS) is looking into the controversy surrounding the dividend reduction of Mirae Asset Management's ETFs (Exchange Traded Funds). According to the financial authorities and National Assembly on the 27th, the FSS announced in a written response to the National Assembly Political Affairs Committee that it plans to investigate the recent controversy over Mirae Asset Management's dividend reduction. The FSS will review whether there are any shortcomings in investor notifications and disclosures. This involves Rep. Shin Jang-sik from the National Innovation Party...
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TIMEFOLIO Asset Management Targets Investors with Tax-Free Dividend ETF - Metro Newspaper: Valuable Information for Middle Class and Common PeopleTIMEFOLIO Asset Management has introduced a tax-free dividend investment as an alternative for ETF investors seeking both tax saving and stable dividends. TIMEFOLIO Asset Management announced on the 27th that 52% of the distributions paid last year from the 'TIMEFOLIO Korea Plus Dividend Active ETF' were tax-exempt.
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