Korean Asset Managers Accelerate Launch of Silver ETFs for Retirement Accounts
Korean asset management firms are rapidly introducing silver exchange-traded funds (ETFs) that can be included in retirement pension accounts. Mirae Asset Global Investments plans to list the 'TIGER Silver Active' ETF, while Hana Asset Management is introducing the '1Q Silver Active,' with both products designed to track international spot silver prices. Notably, the 'TIGER Silver Active' ETF will use the ICE Silver Spot Index as its benchmark and is structured to avoid rollover costs. The ability to directly include silver ETFs in retirement plans offers investors new options for portfolio diversification.
Industrial demand for silver is increasing due to advances in high-tech industries, and concerns about a global supply shortage are boosting expectations for further price rises. Asset managers are capitalizing on this trend by launching silver ETFs to capture the growing investment demand. However, heightened volatility in silver prices has emerged, particularly in the wake of escalating geopolitical tensions in the Middle East, highlighting the need for cautious investment. Overall, these developments reflect a broader shift within the Korean ETF market towards greater product diversity and responsiveness to both investor demand and global trends.
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