Mirae Asset Global Investments said on the 28th that the "TIGER CD 1-year rate Active (synthetic) ETF (475630)" recently surpassed 1.5 trillion won in net worth.
The "TIGER CD 1-year rate Active ETF" is the first interest-rate ETF in Korea to track the 1-year negotiable certificate of deposit (CD) rate. It accrues the 1-year CD rate on a day-count basis and compounds it daily, allowing investors to earn the 1-day 1-year CD rate as revenue even with just a single day of investment, without any term or conditions.
The ETF surpassed 1.5309 trillion won in net worth as of the 27th, as about 500 billion won flowed in this month alone amid a sharp rise in the 1-year CD rate. As of the 27th, the 1-year CD rate was 2.93%, up 0.38 percentage points from late Oct. (2.55%).
Kim Dong-myung, head of fixed income ETF management at Mirae Asset Global Investments, said, "The 'TIGER CD 1-year rate Active (synthetic) ETF' reduced concerns about base price declines or tax collection from monthly distributions by paying distributions on an annual basis."