Mirae Asset Global Investments said Wednesday that its TIGER Dividend Covered Call Active exchange-traded fund (ETF) has surpassed 800 billion won ($556 million) in net assets.
According to Korea Exchange (KRX), the ETF recorded net assets of 834 billion won based on the previous day's closing price. That represents roughly a threefold increase from approximately 240 billion won at the start of the year. The fund is the only active covered call ETF investing in domestic Korean equities. The rapid growth is attributed to rising demand for active covered call strategies that allow flexible responses amid heightened market volatility.
The product is designed to pursue both downside protection and upside participation by employing flexible options strategies tailored to market conditions. As elevated volatility has persisted, the fund has been adjusting its KOSPI 200 call option weighting in line with market movements. Since March, the fund has returned negative 7.74%, outperforming the KOSPI 200 index's negative 11.32% by approximately 3 percentage points.
According to Mirae Asset Global Investments, ongoing market instability has fueled growing interest in monthly dividend ETFs that provide steady cash flows each month. The TIGER Dividend Covered Call Active ETF delivers relatively stable monthly cash flows based on its active management performance, the firm said. Distributions are paid at the end of each month, and investors who purchase shares by the 27th of this month will be eligible to receive the March distribution.
"The TIGER Dividend Covered Call Active ETF has the advantage of being able to actively respond to both portfolio and options strategy adjustments in a highly volatile market environment," said Jeong Eui-hyun, head of Mirae Asset Global Investments' ETF Management Division. "During the first half of this year, we aim to pay special distributions of up to 2% per month and help investors pursue stable cash flows through monthly distributions."