Why TIGER Money Market Active ETF is Rapidly Growing
The 'TIGER Money Market Active ETF' managed by Mirae Asset Management has seen a rapid increase in its net assets, recently reaching 5,157 billion KRW. Continuous purchases by individual investors are the main catalysts for this growth, marking it as the fastest-growing money market ETF in South Korea. Amidst a backdrop of interest rate cuts and market volatility, there has been a growing demand for short-term fund management, making this ETF an attractive alternative to traditional deposit products.
The ETF's high yield-to-maturity (YTM) of 2.91% outperforms the CD 91-day rate of 2.63%, coupled with its low total expense ratio, presents investors with an opportunity for stable income and capital gains. Designed to invest in short-term bonds and commercial papers, this ETF continues to excel even during interest rate declines, attracting attention as a viable alternative investment. Its structure offers investors a compelling alternative to deposit and parking-style investments.
Furthermore, with individual accumulative net purchases reaching 20.6 billion KRW, the ETF is notable in offering promise for stability and high returns even as interest rates fall. Currently running related events, investors can explore the ETF's advantages across various channels actively. These factors are pivotal in ensuring sustained growth for the TIGER Money Market Active ETF.
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Mirae Asset 'TIGER Money Market Active ETF' Surpasses 500 Billion in Net Assets - Smart Today|Smart Today=Kim Yoon-jin Reporter| Mirae Asset Global Investments' 'TIGER Money Market Active ETF' has surpassed 500 billion KRW in net assets. According to Korea Exchange on the 29th, as of the previous day's closing price, the net asset value of 'TIGER Money Market Active ETF' is 515.7 billion KRW. It surpassed 300 billion KRW in net assets on the 15th and reached 500 billion KRW in just about 2 weeks.