Mirae Asset Overseas Stock ETF Becomes Largest ETF by Net Assets in Korea’s Market for the First Time
For the first time in Korea’s ETF history, an overseas stock-focused ETF has risen to the top in terms of net assets. Mirae Asset Global Investments announced on July 11 that its ‘TIGER US S&P 500 ETF (360750)’ has become the largest ETF listed on the Korean exchange in terms of net asset value (NAV).
According to the Korea Exchange, as of the closing on July 10, the ETF’s total assets amounted to approximately 8.54 trillion won. Since the launch of the domestic ETF market in 2002, domestic stock and interest rate-focused ETFs have traditionally led the rankings. However, this marks the first occasion that an overseas equity ETF has claimed the top spot.
‘TIGER US S&P 500 ETF’ has been highly popular among retail investors, ranking first in annual net purchases in 2024 and the first half of 2025. Mirae Asset Global Investments described this success as elevating the ETF to a “national representative ETF” status.
This milestone reflects the rising interest among Korean investors in US equities. As demand for indirect investment in the US market through ETFs grows—supplanting direct investment—‘TIGER US S&P 500 ETF’ has emerged as a preferred alternative.
It is also the largest S&P 500 ETF in Asia, including Korea. Mirae Asset emphasized its commitment to maintaining low costs suited for long-term investments. According to the Korea Financial Investment Association, the total expense ratio (TER), including management fees and other costs, is just 0.0768%, with an actual cost burden of 0.1182% when including trading and brokerage fees—the lowest among comparable ETFs listed domestically.
Meanwhile, similar trends are observed in the US ETF market. The ‘Vanguard S&P 500 ETF (VOO)’ has surpassed the ‘SPDR S&P 500 ETF Trust (SPY),’ which has held the top spot for 32 years, thanks to its competitive low costs.
To celebrate this achievement, Mirae Asset Global Investments plans to run a customer event from July 11 to August 8. Participants in the ‘TIGER US S&P 500 ETF Korea’s Largest Net Asset Event’ will be entered into a draw to win gift icons. Details can be found on the official TIGER ETF website.
Kim Nam-ki, head of Mirae Asset’s ETF division, said, “This achievement reflects our ongoing efforts over the past decade to establish a culture of investing in key US indices and is a result of working together with long-term investors sharing this philosophy.”
Furthermore, the ‘TIGER ETF’ series has continuously enjoyed popularity among retail investors. As of the end of June, individual holdings of TIGER ETFs totaled approximately 27.1 trillion won, accounting for around 43% of the total ETF market’s individual holdings (63.7 trillion won). The series has maintained the number one spot among individual investors for 44 consecutive months since November 2021.
