Mirae Asset Global Investments announced on the 3rd that the net worth of the 'TIGER U.S. Nasdaq 100 Exchange-Traded Fund (ETF)' has surpassed 5 trillion won. It is the second largest among U.S. stock ETFs listed domestically, following the 'TIGER U.S. S&P 500 ETF.'
According to the Korea Exchange, as of the close on July 2, the net worth of the TIGER U.S. Nasdaq 100 ETF is 5.09 trillion won. It is currently the largest among U.S. Nasdaq 100 investment ETFs listed in Asia.
The TIGER U.S. Nasdaq 100 ETF is a product that tracks the Nasdaq 100 index. When it was first listed in October 2010, the per-share price was 10,000 won, and it has now exceeded 130,000 won. The Nasdaq 100 index has recently broken its previous high, thanks to easing tariffs and geopolitical risks, expectations of interest rate cuts, and growth prospects in the artificial intelligence (AI) industry.
Mirae Asset Global Investments explained that the low expense of this product is one of the reasons it is favored by long-term investors. According to the Korea Financial Investment Association, as of the end of May this year, the Total Expense Ratio (TER) of the TIGER U.S. Nasdaq 100 ETF is 0.1268%, which is the lowest among U.S. Nasdaq 100 ETFs listed domestically. The actual burden of expenses accumulates over the long-term investment in an ETF and can affect returns, so it is a factor that must be considered.
Kim Nam-ho, head of the Global ETF Management Division at Mirae Asset Global Investments, said, "We have created a new history by growing into the largest Nasdaq 100 investment ETF in Asia," and "We will continue to strive to promote a long-term investment culture through ETFs."
Mirae Asset Global Investments announced that it will hold a purchase event for trading customers to commemorate the surpassing of 5 trillion won in the net worth of the TIGER U.S. Nasdaq 100 ETF. Until the 25th of this month, investors who purchase or hold this ETF will be eligible to win gifticons through a lottery.