Retail investors net-bought 1.4 trillion won since July
Mirae Asset Global Investments announced Tuesday that its TIGER US S&P500 ETF has ranked first in retail net purchases among all domestically listed ETFs in the second half of this year.
According to Korea Exchange, retail investors net-bought 1.46 trillion won ($1.09 billion) worth of the TIGER US S&P500 from July 1 through Monday, making it the top ETF by retail net purchases among all Korea-listed products.
Since April 15, retail net purchases have continued for 103 consecutive trading days, with cumulative net purchases reaching 3.06 trillion won.
Over the same period, retail investors poured 682.1 billion won into the TIGER US NASDAQ 100 ETF. Combined, the two products attracted 2.15 trillion won in retail net purchases in the second half.
The TIGER US S&P500 and TIGER US NASDAQ 100 ETF hold assets under management of 20.21 trillion won and 11.43 trillion won, respectively.
Mirae Asset Global Investments said buying momentum continued even as the won strengthened sharply against the dollar. The won advanced from 1,549.4 per dollar at end-June to 1,347.3 on Monday, a gain of more than 13 percent. The sustained demand suggests investors remain committed to long-term exposure to benchmark US indexes despite currency swings.
"Topping retail net purchases in the second half shows that when equity markets turned volatile, investors chose to diversify into time-tested US benchmark indexes rather than individual stocks or specific sectors," said Kim Sang-yul, head of the global ETF management division at Mirae Asset Global Investments. "The S&P 500 index consistently incorporates new growth industries — including AI infrastructure, data and biotech — through its regular rebalancing, and we will do our best to manage the fund so investors can share in the long-term growth of the US economy through a single holding in TIGER US S&P500."
moon@heraldcorp.com
