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Korea's first ETF tracking 1-year CD rates to debut

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By Anna J. Park
  • Published KST
  • Updated KST
Kim Nam-ki, head of the exchange-traded fund (ETF) management business unit at Mirae Asset Global Investments, speaks during a press conference at the firm's headquarters in central Seoul, Thursday. Kim announced that the company's Mirae Asset Tiger Synth CD 1-Year Rate Active ETF will be listed on the main bourse KOSPI on Tuesday as Korea's first ETF that tracks one-year certificate of deposit rates. So far, there have have been ETFs that track three-month certificate of deposit rates in the country. Calling it 'the country's first listed savings deposit,' Kim said the ETF is more cashable than other savings products, which require a certain period of maturity. He added that the fund has the highest annual interest rate among any interest rate-type ETFs listed in the country. Courtesy of Mirae Asset Global Investments

Kim Nam-ki, head of the exchange-traded fund (ETF) management business unit at Mirae Asset Global Investments, speaks during a press conference at the firm's headquarters in central Seoul, Thursday. Kim announced that the company's Mirae Asset Tiger Synth CD 1-Year Rate Active ETF will be listed on the main bourse KOSPI on Tuesday as Korea's first ETF that tracks one-year certificate of deposit rates. So far, there have have been ETFs that track three-month certificate of deposit rates in the country. Calling it "the country's first listed savings deposit," Kim said the ETF is more cashable than other savings products, which require a certain period of maturity. He added that the fund has the highest annual interest rate among any interest rate-type ETFs listed in the country. Courtesy of Mirae Asset Global Investments