Mirae Asset Management Modifies TIGER ETF Distribution Structure and Naming
Mirae Asset Management has removed 'TR' from the names of three TIGER ETFs and transitioned them to a quarterly cash distribution structure. This change is in response to the enforcement ordinance following the Ministry of Economy and Finance's tax law revisions, aimed at providing a more straightforward cash flow to investors as opposed to the previous reinvestment method within the fund. The restructured ETFs include TIGER US S&P500(H) and TIGER US Nasdaq100(H).
This renaming and switch to quarterly distribution aims to deliver stable returns to investors, especially enhancing the appeal of hedged products in a strong dollar environment. Presently, these changes have been well received, with individual cumulative net purchases exceeding 50 billion KRW. Investors can anticipate a more predictable and transparent investment landscape due to these adaptations.
Related ETF
Related News
Mirae Asset Management Changes Names of 3 TIGER US Major Index TR-type ETFs - SBS BizMirae Asset Management is changing the names of three TIGER US Major Index TR-type ETFs. Starting today (25th), Mirae Asset Management will rename TR (Total Return) overseas ETFs, including 'TIGER US S&P500TR(H) ETF', 'TIGER US NASDAQ100TR(H) ETF', and 'TIGER US NASDAQ100TR Bond Hybrid Fn ET…
Mirae Asset Securities Renames Three TIGER U.S. Index TR ETFs - Hans Economy[Hans Economy=Kim Yoo-jin Reporter] Mirae Asset Management has announced on the 25th that it will rename three of its TIGER U.S. index ETFs. The affected funds are ‘TIGER U.S. S&P 500 TR (H) ETF’, ‘TIGER U.S. NASDAQ 100 TR (H) ETF’, and ‘TIGER U.S. NASDAQ 100 TR Bond Mixed Fn ETF’, removing the ‘TR (Total Return)’ designation from each. TR signifies reinvesting dividends to enhance the compounding effect. This change comes in response to last year's government revision of tax enforcement ordinances, which effectively banned the operation of TR-type ETFs and required interest and dividend income to be settled and distributed at least annually.
Mirae Asset Management Changes Names of 3 U.S. Index ETFs, Removes 'TR' Notation - DailyanMirae Asset Management is changing the names of three 'TIGER U.S. Total Return (TR)-type' index ETFs. According to Mirae Asset Management on the 25th, the company is removing the 'TR' notation from the names of overseas TR-type ETFs, including ▲TIGER US SP500TR(H) ▲TIGER US Nasdaq100TR(H) ▲TIGER US Nasdaq100TR Bond Mixed Fn, starting today.
Mirae Asset Management removes 'TR' and switches to 'Quarterly Dividends' for US Index Hedge ETFs - Money TodayMirae Asset Management is converting its existing TR (Total Return) overseas ETFs (Exchange-Traded Funds) into a form that pays out quarterly dividends. This follows the amendment to the enforcement ordinance of the tax law announced by the Ministry of Strategy and Finance in January. Mirae Asset Management announced on the 25th that it will change the names of three existing TR (Total Return) overseas ETFs. These products are all hedge (H) ETFs. The TR type...
Related ETF
Mirae Asset Changes Names of 3 TIGER US Benchmark Index TR ETFs - EtodayMirae Asset Management announced on the 25th that it will change the names of three TIGER US benchmark index Total Return (TR) type ETFs. Starting today, the TR-type overseas ETFs include △TIGER