Mirae Asset Global Investments said on the 23rd that the TIGER securities exchange-traded fund (ETF) posted the highest year-to-date gain among domestically listed ETFs excluding leveraged products.
According to the Korea Exchange (KRX), as of the close on the 20th, the TIGER securities ETF had risen 101.7% year to date. That outperformed the KOSPI's gain (37.8%) over the same period by 63.9%.
The securities sector is considered a prime beneficiary as Korea's stock market enters a revaluation phase. As investor sentiment improves across the market, fund inflows are expanding, and client deposits at securities firms have surpassed 100 trillion won. The average daily transaction amount rose 339% from a year earlier to 62.3 trillion won. The increase in transaction amount is a factor that raises earnings expectations, as it leads to an expansion in brokerage fee revenue for securities firms.
In addition, as discussions on the third amendment to the Commercial Act, centered on making treasury share cancellations mandatory, move into full swing, expectations are growing for expanded shareholder return policies such as treasury share cancellations, particularly in the securities sector.
The TIGER securities ETF invests in 10 of Korea's leading securities corporations, including Mirae Asset Securities (33.3%) and Korea Investment Holdings (22.3%). In particular, among domestically listed ETFs, it has the highest weighting in Mirae Asset Securities. Mirae Asset Securities' share price has surged 203.6% this year on expectations of earnings improvement and revaluation driven by the reflection of the equity value of overseas unlisted innovative companies, marking the highest gain among KOSPI-listed securities stocks.
Jeong Ui-hyeon, head of the ETF Management Division at Mirae Asset Global Investments, said, "The TIGER securities ETF is a product that can capture both the earnings improvement of Korea's leading securities firms and the trend of expanding shareholder returns, making it an efficient vehicle to invest across the securities sector."