Fierce Competition in Gold Spot ETF Market with Low Fees
Mirae Asset Global Investments has launched the 'TIGER KRX Gold Spot ETF', boasting the lowest fee in the domestic market at 0.15% annually. This ETF tracks the KRX Gold Spot Index and holds physical gold in a government-certified vault to minimize costs. It allows for up to 100% investment within retirement accounts, making it a tax-efficient option.
With this launch, competition within the gold spot ETF market is heating up. The 'TIGER KRX Gold Spot ETF' recorded a net purchase of about 5.6 billion KRW from individual investors on its debut day, indicating significant interest. Responding to this, Korea Investment & Securities is considering lowering the fees of its own ACE KRX Gold Spot ETF, and global players like Samsung Asset Management and Shinhan Asset Management are entering the arena with international gold spot ETFs. The ultra-low fee war is expected to intensify.
In the backdrop of geopolitical uncertainties in the Middle East, there is increased demand for safe-haven assets like gold. Despite the KOSPI surpassing 3000 for the first time in 3.5 years, volatility in gold and oil prices remains high. Gold ETFs are thus becoming attractive investment options during this turbulence. Concurrently, companies like Naver and Kakao are seeing strong performances due to optimism around AI policies, lifting related ETF returns.
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Mirae Asset's Low-Cost Strategy…Korea Investment Considers Fee Reduction for 'Gold Spot ETF' - Seoul EconomySecurities > Policy News: Mirae Asset Management has launched a gold spot exchange-traded fund (ETF) with an industry-low fee of 0.15%, prompting Korea Investment, which has dominated the market...
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Mirae Asset Global Investments lists TIGER KRX Gold Spot ETF - meconomynews.comMirae Asset Global Investments announced on the 24th that it will newly list the TIGER KRX Gold Spot Exchange Traded Fund (ETF) on the Korea Exchange. This newly listed product is a gold spot ETF investing in the KRX gold market. It tracks the KRX Gold Spot Index, which best reflects the Korean gold prices. The total expense ratio of the TIGER KRX Gold Spot is 0.15% per annum, the lowest among gold investment ETFs listed domestically. This is a physical ETF that incorporates actual gold into the fund and stores it in a state-certified vault, minimizing cost burdens like double fees. In the case of domestic gold ETFs based on international gold prices, actually
Mirae Asset to List 'TIGER KRX Gold Spot ETF' - EdailyMirae Asset Global Investments announced on the 24th that it will list the 'TIGER KRX Gold Spot ETF'. The 'TIGER KRX Gold Spot ETF' is a gold spot ETF that invests in the KRX gold market. It is based on the 'KRX Gold Spot Index'. It reflects the gold prices in Korea. The KRX gold market is...
[How Money] Surge in Gold Prices Leads to 'Gold Investment' Products - SBS BizMoney Show 'How Money' - Choi Chang-gyu, Head of ETF Research at Mirae Asset Management. Last Friday, the KOSPI index surpassed the 3000 mark for the first time in three and a half years with expectations to continue the rally. However, over the weekend, the situation in the Middle East intensified, making it challenging to defend the 3000 mark. We will discuss ETFs to keep an eye on along with the trends in the domestic stock market, led by Choi Chang-gyu, Head of ETF Research at Mirae Asset Management...