Mirae Asset Launches New 'TIGER 7% Weekly Covered Call ETF' Series
Mirae Asset Global Investments has launched two new ETFs, the 'TIGER 7% Weekly Covered Call ETF' series, on the Korea Exchange. This series is based on the KOSPI 200 index and offers an annual distribution ceiling of up to 7%. These ETFs employ diverse option selling strategies to ensure high growth potential and stable dividend income, while also providing tax-exempt benefits to investors.
The 'TIGER 200 Target Weekly Covered Call' aims to participate in the growth of the KOSPI 200 index, while the 'TIGER Korea Dividend Dow Jones Weekly Covered Call' anticipates a maximum distribution including stock dividends in the range of 10% to 12%. These products are designed to provide stable cash flows, making them viable options for retirement funding.
Related News
Mirae Asset Management, to List Two New 'TIGER 7% Weekly Covered Call ETF Series'Mirae Asset Management announced on the 23rd that it has listed two new funds in the 'TIGER 7% Weekly Covered Call Exchange Traded Fund (ETF) Series'.
Mirae Asset Management Lists Two New 'Appropriate Distribution Rate' 7% Weekly Covered Call ETFs - Seoul EconomySecurities > Domestic Stock Market News: Mirae Asset Global Investments announced on the 23rd that it would list two new 'TIGER 7% Weekly Covered Call ETF Series' on the Korea Exchange. ...
"Optimal Distribution Rate and Principal Growth"... Mirae Asset Launches 7% Weekly Covered Call ETFMirae Asset Management has launched two types of weekly covered call ETFs that emphasize an optimal distribution rate. On the 23rd, Mirae Asset announced it will list the 'TIGER 7% Weekly Covered Call ETF Series', which applies an annual distribution cap of up to 7%. Mirae Asset stressed that 7% is an appropriate distribution cap considering the growth potential of underlying assets. Compared to recent competitors with double-digit distribution rates, this is a lower level. However, they considered that the ETF's distribution payments draw from the included amount in net asset value, thus should not incur principal loss to pursue long-term growth. The newly launched TIGER 20