South Korea's Mirae Asset Global Investments said on Tuesday that that its TIGER Nasdaq 100 ETF has become the second US-focused ETF listed in South Korea to surpass 4 trillion won ($2.84 billion) in net assets.
According to the Korea Exchange, the ETF’s net assets totaled 4.03 trillion won as of Monday’s close.
It follows the TIGER S&P 500 ETF, which earlier this month became the first overseas equity ETF in South Korea to surpass 5 trillion won in net assets.
Together, the two funds tracking major US indices now hold a combined total of 9 trillion won.
The TIGER Nasdaq 100 ETF has attracted robust interest from individual investors, who purchased a net 517 billion won ($391 million) year-to-date, the largest figure among Nasdaq 100 ETFs in South Korea.
Since its listing in 2010, when shares debuted at 10,000 won, the ETF has seen its price soar over 13-fold to exceed 130,000 won per share t as of November 8.
Write to Man-Su Choe at
bebop@hankyung.com
