Korean ETF Market Gaining Momentum with Dividend Tax Reforms
Mirae Asset's TIGER High Dividend Plus TOP10 ETF has seen its net assets surpass 5,779 billion won, marking significant growth. This uptick is primarily due to investments in ten high-dividend bank stocks and the expansion of shareholder return policies by financial holding companies. Expectations regarding the separate taxation of dividend income serve as a positive factor for investors. The ETF has recorded an impressive 54% yield since the beginning of the year, drawing attention with its monthly dividend payments.
Similarly, Shinhan Asset Management's SOL Financial Holding Company Plus High Dividend Fund has thrived under the benefits of the dividend income tax separation policy. This fund focuses its investments on financial holding companies and has achieved remarkable returns over the past one to six months, alongside the rising stock prices of major financial institutions. Companies like Shinhan Financial Group, KB Financial, Hana Financial Group, and Woori Financial Group have reached historic stock price highs, all while maintaining a high average dividend yield.
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