Mirae Asset Global Investments is set to launch a Korean version of the ETF (exchange-traded fund) 'Vanguard Total World Stock,' which invests in nearly all stock markets worldwide. This is the first time a domestic asset management company has introduced an ETF that encompasses both developed and emerging markets.
According to the financial investment industry on the 26th, Mirae Asset Global Investments has recently received approval from the Korea Exchange for its new ETF product 'TIGER Total World Stock.'
As the name suggests, this ETF is a product that invests in global stocks. It is the Korean version of the Vanguard Total World Stock ETF launched by the U.S. Vanguard Group in June 2008. The Vanguard Total World Stock includes more than 10,000 investment stocks, with an asset under management (AUM) of approximately $45 billion (about 62 trillion won).
The TIGER Total World Stock, like the Vanguard product, follows the FTSE Global All Cap Index. It includes shares from U.S. big tech corporations such as Apple, Microsoft, NVIDIA, Amazon, and Meta, as well as small, medium, and large stocks from developed and emerging markets. The number of investment stocks is 1,539 (excluding ETFs), with a weighting of 90% in developed markets and 10% in emerging markets.
Mirae Asset Global Investments noted, 'As a single product, this can cover about 98% of the global investable stock universe,' adding, 'Since the beginning of this year, as the U.S. stock market has been shaken, the performance of the FTSE Global All Cap Index has exceeded the S&P 500 by about 4%.'
The TIGER Total World Stock ETF appears to have been prepared in line with Mirae Asset's approach to 'reducing reliance on the U.S.' Mirae Asset has been accelerating diversification of investment destinations as the tariff policies and the revival of manufacturing under Donald Trump's second administration have led to stock market instability and a weaker dollar.
Park Hyun-joo, chairman of Mirae Asset, mentioned in a media interview earlier this year that 'the Tesla stock price is excessively inflated,' openly expressing concerns about the overreliance on the U.S. An asset management industry official said, 'Recently, the introduction of the China Tech TOP 10 ETF by Mirae Asset is part of strengthening global diversified investment,' adding, 'I understand that most of the follow-up products currently being prepared are targeted outside the U.S.'