Rise of Bullion ETFs Amid Market Uncertainty
Mirae Asset's 'TIGER KRX Gold Spot ETF' has surpassed a net asset value of KRW 668 billion, establishing itself as the gold spot ETF with the lowest expense ratio in South Korea. This ETF has led in cumulative net purchases among newly listed ETFs this year, signifying a growing interest in gold investments among individual investors. With an annual total expense ratio of 0.15%, it offers favorable conditions for long-term investments, appealing significantly to individual investors.
The 'ACE KRX Gold Spot' ETF from Korea Investment Trust Management has reached a market capitalization of KRW 2.7 trillion, emerging as the largest gold spot ETF domestically. It has outperformed, recording a remarkable return of 76.76% this year. In the face of global economic uncertainty, gold spot ETFs have grown significantly due to investors' preference for safe assets. Consequently, fund managers are enhancing competitiveness through measures such as reducing fees to meet rising demand.
The recent surge in gold prices has captured investors' attention, with gold-related ETFs consistently delivering stable returns. As global economic uncertainty persists, the strength of the gold market is likely to continue, drawing sustained interest from investors.
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Mirae Asset KRX Gold Spot ETF Reaches 600 Billion Net Assets… Best Option for Uncertainty - SBS Biz[Logo of Mirae Asset Global Investments (provided by Mirae Asset Global Investments=Yonhap)] Mirae Asset Global Investments announced today (15th) that its 'TIGER KRX Gold Spot' Exchange Traded Fund (ETF) surpassed a net asset value of 600 billion. As of the closing price on the 14th, the net asset value of this ETF was recorded at 668 billion. It exceeded the 600 billion scale in less than four months since its listing on June 24. ...
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"Gold Outperforms S&P500"…ACE KRX Gold Commodity Becomes the Largest ETF of Hanwha Investment - Yonhap InfomaxWith the weakening of global currency values and rising uncertainty, the preference for gold is strengthening, leading to the largest domestic gold spot exchange-traded fund (ETF) surpassing the US leading index and becoming the flagship product of the management company. According to Yonhap Infomax ETF Comprehensive (screen number 7101) on the 15th, the 'ACE KRX Gold Spot' ETF of Korea Investment Management surpassed 2.7 trillion won in market capitalization during the day. This is the largest among all ACE ETFs. Since the previous day, the market cap reached 2.5677 trillion won, overtaking 'ACE US S&P500' (2.5074 trillion won) to take the top spot in net assets.
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TIGER KRX Gold Spot ETF's Net Assets Surpass 600 Billion Won… Half is Individual Capital - Yonhap InfomaxThe 'TIGER KRX Gold Spot ETF' launched by Mirae Asset Global Investments has surpassed 600 billion won in net assets. With increasing global uncertainties, demand for gold investment from individual investors has surged. On the 15th, Mirae Asset announced that the net assets of 'TIGER KRX Gold Spot ETF' recorded 668 billion won based on the closing price of the previous day. Having been newly listed since June 24, it has exceeded 600 billion won in just about three months, continuing its growth trend. The preference for gold, a safe asset, is rising amid uncertainties surrounding the domestic stock market. Particularly, the investment demand from individual investors has flowed into the 'TIGER KRX Gold Spot ETF'.
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