Mirae Asset Management announced on the 26th that the TIGER Nasdaq 100+15% Premium Short-Term ETF set a record for the highest net individual purchases on the day of listing among all ETFs.
According to the Korean Exchange, the net individual purchase volume of the TIGER Nasdaq 100+15% Premium Short-Term ETF on June 25 was $27.4 million.
This is the highest net individual purchase amount on the listing day for any ETF ever launched in Korea. It is the first ETF to record a net individual purchase of $27.4 million, breaking the previous record set by TIGER 2nd Battery MaterialFn ETF ($33.3 million) in just one year.
TIGER Nasdaq 100+15% Premium Short-Term ETF is a monthly dividend-covered call ETF that aims for a 15% annual dividend yield by investing in the Nasdaq 100 index. It was designed to reduce the proportion of option sales to less than 10% through a short-term (Daily) option strategy, with the remaining 90% participating in the rise of the Nasdaq 100 index.
The Nasdaq 100 index is the main index of the United States that invests in innovative growth companies in various sectors, such as semiconductors, IT, software, and bio.
It includes 100 companies that have historically led technological innovations, including Nvidia, Apple, and Microsoft Corporation. The TIGER Nasdaq 100+15% Premium Short-Term ETF is the world’s first ETF that uses short-term options based on the Nasdaq 100, enabling the investment in the growth of Nasdaq 100 companies that have been trending upward over the long term.
In particular, the TIGER Nasdaq 100+15% Premium Short-Term ETF is attracting attention from investors who need cash flow after retirement. As a monthly dividend ETF that aims for a 15% return while participating in about 90% of the index growth, it offers expectations of both the growth of Nasdaq 100 companies and a steady income. Also, since the Nasdaq 100 stocks and option underlying assets match, it has the advantage of high predictability of strategy performance in long-term investment.
On the 24th, Mirae Asset Management held a press conference for the new listing of TIGER Nasdaq 100+15% Premium Short-Term ETF, attended by Vice Chairman Lee Jun Yong, Head of Strategy ETF Management Lee Kyung Jun, and Team Leader Oh Dong Jun. At this event, Lee said, “We will continue to develop innovative growth products such as TIGER Nasdaq 100+15% Premium Short-Term ETF through our TIGER ETF’s unique expertise, and strive to become a long-term investment partner.”
Senior Manager Kim Soo Myung of Mirae Asset Management’s Strategy ETF Management Department said, “TIGER Nasdaq 100+15% Premium Short-Term ETF allows investors to expect a 15% cash flow by selling a small proportion of options while diversifying investments in Nasdaq’s innovative companies,” adding, “It was specially designed to trade options directly in a physical form, reduce operating costs, and be advantageous for long-term investment as a pension asset.”
Meanwhile, Mirae Asset Management is holding an event for customers of TIGER Short-Term Option Monthly Dividend ETF. Until July 5, gift certificates will be provided through a raffle for customers who verify holding TIGER Nasdaq 100+15% Premium Short-Term or US S&P500+10% Premium Short-Term Option ETF (482730). Detailed information can be found on the TIGER ETF website.
