Mirae Asset leads Korean ETF market with high‑yield covered‑call fund

Mirae Asset Asset Management announced that its “TIGER Dividend Covered‑Call Active ETF” will pay a July distribution of 375 KRW per share, bringing its 12‑month distribution yield to 23.95%, the highest among domestic covered‑call ETFs. The fund’s special‑distribution policy, introduced in late 2023, added performance‑based payouts to the regular option‑premium income, raising the monthly payout from 238 KRW in July 2023 to 580 KRW in June 2024 – an increase of about 144% in eleven months. The attractive, predictable cash flow has drawn personal investors, with cumulative net purchases reaching 1.7187 trillion won since the start of the year.

Hanwha Asset Management raised the July distribution of its “PLUS High‑Dividend Stock” ETF to 103 KRW per share, a 19.8% rise from the previous month, continuing its step‑wise increase since converting to a monthly‑paying structure. Woori Investment & Securities lifted interest rates on its deposit products, offering up to 3.90% annual yield on certain term deposits and CMA notes, enhancing its competitive position in the retail banking market.

Mirae Asset’s strategy emphasizes linking actual fund performance to investor payouts, aiming to provide a steady 2% monthly distribution in the second half of the year, according to ETF strategy head Lee Jung‑hwan.