Strong Growth

 

Mirae Asset Global Investments announced on Dec. 23 that the amount of its Tiger Exchange Traded Fund (ETF) has increased by 1.56 trillion won (US$1.33 billion) this year, exceeding 5.11 trillion won (US$4.34 billion) of net assets. The figure is up 44 percent as of Dec. 22, compared to a year earlier, accounting for more than 80 percent of the entire ETF increase in the industry of 1.89 trillion won (US$1.61 billion).

By ETF, the amount of “Tiger Economy Defense”, “Tiger Liquid Fund”, “Tiger China Consumption Theme”, and “Tiger China A Leverage” grew by more than 100 billion won (US$85 million), and there are about 20 ETFs with a 10 billion won (US$8.5 million) increase, showing an even growth in various types.

Its market share also surged to 23.7 percent from 18 percent at the end of last year, growing into the representative ETF in Korea.

Various lineups are the strength of Tiger ETFs. Through diverse product lineups from the sector and style ETFs, such as healthcare, commodity and value stock, to domestic and overseas index ETFs, including Korea, the U.S., China and Japan, it has offered a wide choice to investors when making up their portfolios.

There are 67 Tiger ETFs and 16 overseas investment products, the highest figures in the industry. Among 116 large ETFs with net assets of more than 10 billion won (US$8.5 million), there are 34 Tiger ETFs, the largest number in the industry.

The recently released Tiger KOSDAQ 150 Leverage is recording the lowest tracking error compared to similar ETFs, showing excellent results in terms of stability as well. It posts 1 million stocks in the daily average exchange volume and 13 billion won (US$11.05 million) in net assets, trading briskly on the market after listing.

Mirae Asset is also strengthening its ETF business in the global market. As of the end of Nov., it supplies 172 ETFs to 6 countries, including Korea, Canada, Australia, Hong Kong, the U.S., and Columbia, and its management scale reaches 11.4 trillion won (US$9.7 billion). Compared to the beginning of its overseas expansion at the end of 2011, its net assets and product lines have both doubled, accelerating the growth.

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