Mirae Asset's 'TIGER CD1-Year Rate Active ETF' Sees Increased Liquidity and Investment Appeal
Mirae Asset Management's 'TIGER CD1-Year Rate Active (Synthetic) ETF' has reached 1.5309 trillion won in net assets, reflecting the recent rise in 1-year Certificate of Deposit (CD) rates. This ETF, which is the first in Korea to track 1-year CD rates, allows investors to gain returns even with short-term investments and has garnered significant attention. Notably, it saw an influx of more than 5 trillion won within this year alone, indicating strong interest amid rising market rates.
The key attraction of this ETF lies in the current 2.93% CD rate, providing investors with a relatively safe means to deploy their funds in the rising rate environment. Its low total expense ratio (TER) of 0.0098% significantly reduces investment costs, and the annual dividend payments mitigate the impact of capital loss and tax burdens, enhancing its appeal.
The recent spike in the 1-year CD rate is seen as a normalization of an unusual interest rate inversion and has established the ETF as one of the most liquid options in the market. It provides a viable option for managing short-term idle funds and is considered a more efficient investment choice compared to traditional bond ETFs in terms of liquidity and returns. Mirae Asset aims to offer investors a stable pursuit of interest returns and agile market responsiveness through this ETF.
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Mirae Asset, 'TIGER CD 1-Year Interest Rate Active (Synthetic) ETF' Surpasses 1.5 Trillion Won in Net Assets - Business PlusPhoto = Mirae Asset Management. Mirae Asset Management announced on the 28th that the 'TIGER CD 1-Year Interest Rate Active (Synthetic) ETF (475630)' has surpassed 1.5 trillion won in net assets, driven by the recent rise in CD 1-year interest rates. According to the Korea Exchange, as of the 27th closing price, the net assets of the 'TIGER CD 1-Year Interest Rate Active (Synthetic) ETF' stood at 1.5309 trillion won. About 500 billion won of funds were inflow this month alone. This is due to the recent sharp increase in the 1-year certificate of deposit (CD) interest rate. As of the 27th, the CD 1-year interest rate was 2.93%, a significant increase compared to 2.55% at the end of October.'TIGER CD 1-Year Interest Rate Active
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