Net Assets of Mirae Asset Tiger NASDAQ 100 ETF Surpass 300 Bil. Won

Mirae Asset Management’s head office in Seoul

Mirae Asset Management announced on Aug. 4 that net assets of Tiger NASDAQ 100 ETF, which invests in the U.S. NASDAQ market, has surpassed 300 billion won. The NASDAQ consists mainly of IT, consumer goods and healthcare stocks, which are expected to benefit from the Fourth Industrial Revolution. Its net assets grew by more than 200 billion won in 2020 thanks to its excellent performance.

The NASDAQ 100 Index consists of 100 representative stocks of the computer hardware and software, telecommunications, wholesale and retail trade, and biotechnology sectors.

The NASDAQ 100 index represents the U.S. stock market along with the S&P500 and the Dow Jones industrial average, and consists of stocks ranging from high-tech stocks such as Microsoft, Alphabet, Tesla and other companies representing global new growth industries, to venture startup stocks. It is considered an index focusing on U.S. growth potential.

As of Aug. 4, Tiger NASDAQ 100 ETF recorded 39.33 percent ROI in one year, 95.51 percent ROI in three years, and 146.47 percent ROI in five years. Currently, a total of 447 products are listed in the Korean ETF market, and TIGER ETF has an industry-leading 123 lineups.

Mirae Asset has also strengthened its ETF business in the global market It managed 370 ETFs in eight countries including the United States, Canada, Australia, and Hong Kong as of the end of June. The ETF assets under its management stand close to 48 trillion won.

Global ETF research firm ETFGI ranks Mirae Asset 17th in net assets among ETF operators worldwide.