Mirae Asset Launches 'TIGER Silver Active ETF,' Completing its Trio of Physical Commodity ETFs
Mirae Asset Global Investments has listed the 'TIGER Silver Active ETF' on the Korea Exchange, finalizing its lineup of physical commodity ETFs for gold, silver, and copper. This newly launched ETF tracks international spot silver prices based on the ICE Silver Spot Index and distinguishes itself with a low-cost structure, as it avoids rollover fees commonly associated with futures-based ETFs. Investors can access this ETF through both individual retirement pension (IRP) and retirement savings accounts, making it a tax-advantaged and attractive long-term investment vehicle. The firm has highlighted that strong industrial demand for silver, particularly in technology sectors, has led to price appreciation and a reevaluation of silver's investment appeal.
With the addition of this product, Mirae Asset becomes the first domestic asset manager to offer a suite of physical gold, silver, and copper ETFs, thereby expanding investor options for real asset exposure. The lack of rollover costs enhances the fund's appeal in terms of cost-efficiency compared to traditional silver futures ETFs. Silver’s rising role in industries such as electric vehicles and solar energy underpins both its price increase and its growing allure as an alternative to gold, as reflected by the declining gold-to-silver price ratio. Experts view the launch as a significant milestone, improving accessibility to the silver market for Korean investors.
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Mirae Asset Management Lists 'Silver Active ETF' Tracking Spot Silver Price[Provided by Mirae Asset Management=Yonhap News] Mirae Asset Management announced today (28th) that it has listed the 'TIGER Silver Active ETF', an exchange-traded fund that tracks spot silver prices. This ETF allows indirect investment in spot silver based on an index (ICESilverSpot) that tracks international spot silver prices ...
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