Mirae Asset Management Announces Name Changes for 9 TIGER Covered Call ETFs
Mirae Asset Management has announced it will change the names of nine of its TIGER Covered Call Exchange Traded Funds (ETFs). This renaming aims to prevent investor confusion, replacing words like 'Premium' with 'Target Covered Call' and 'Daily Covered Call' in the ETF names. For instance, 'TIGER U.S. Dividend +3% Premium Dow Jones' will become 'TIGER U.S. Dividend Dow Jones Target Covered Call No.1,' and 'TIGER U.S. S&P 500 +10% Premium Ultra Short-Term' will be renamed 'TIGER U.S. S&P 500 Target Daily Covered Call.'
Operational strategies and target yields will remain unchanged for these ETFs. This rebranding comes as part of measures to address concerns raised by financial regulatory authorities aimed at minimizing investor misunderstandings. Moreover, events related to the name changes and monthly dividend covered call ETFs are also scheduled, likely to attract continued investor interest.
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대한금융신문2024 9月 25
Mirae Asset Management to Change Names of 9 Covered Call ETFs - Korean Financial NewsMirae Asset Management announced on the 25th that it will change the names of nine TIGER Covered Call Exchange-Traded Funds (ETFs). The changes will take effect starting today. This move aims to reduce potential investor confusion due to target distribution yields and profit structures in the existing ETF names. The 'Target Covered Call' will replace the '+% Premium' in the names of TIGER Covered Call ETFs. Unlike regular covered call ETFs that sell call options 100%, '+% Premium' utilizes a strategy that adjusts the selling ratio of options to maintain the targeted premium, reflecting the characteristics of the Target Covered Call ETFs.
Covered Call ETF Removes ‘+%’ Expression… Mirae Asset Management Renames 9 ETFs - EdailyMirae Asset Management announced on the 25th that it will rename 9 types of TIGER Covered Call Exchange Traded Funds (ETFs). Starting today, Mirae Asset Management will change the names of the 9 TIGER Covered Call ETFs listed on the Korea Exchange. The changes are due to the existing ETF names including target distribution yields and revenue structures, which may cause...
Mirae Asset Changes Names of 9 Monthly Dividend ETFs, Removing '+% Premium' and Adding 'Target Covered Call' - Smart Today|Smart Today=Kim Se-hyung| Mirae Asset Management announced on the 25th that it will change the names of 9 TIGER Covered Call ETFs. This move follows the financial regulatory authorities' suggestion that ETFs indicating yield percentages might mislead investors. Korea Investment Trust Management has already announced the new names for its monthly dividend ETFs.
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