Mirae Asset's ETFs Achieve Largest U.S. Index ETF Status in Asia
Mirae Asset Global Investments' 'TIGER U.S. S&P500 ETF' and 'TIGER U.S. NASDAQ100 ETF' have become the largest U.S. index ETFs in Asia by asset size. With total net assets surpassing 12 trillion won, these ETFs are now prominent players in the Asian market. The 'TIGER U.S. NASDAQ100 ETF', with net assets of 4.65 trillion won, has reached the status of the largest NASDAQ100 ETF in Asia, and the 'TIGER U.S. S&P500 ETF' boasts net assets of 7.62 trillion won, solidifying its position as the largest S&P500 ETF in the region.
This growth is attributed to expectations surrounding regulatory easing and corporate tax cuts in the U.S., along with a steady inflow of capital from retail investors following President Trump's election. Kim Nam-gi, CEO of Mirae Asset, has emphasized the importance of consistency and stability in long-term investing, which has bolstered investor trust in these funds.
Analysts believe that the 'TIGER U.S. S&P500 ETF' will maintain its top position among equity-type ETFs in Korea, continuing its stable performance. Mirae Asset has expressed confidence in maintaining its competitiveness amid recent tax policy changes.
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