Written by 11:09 AM Economics

Future Asset Management’s ‘TIGER REITs Real Estate Infrastructure’ surpasses 500 billion won in net assets.

[‘\n[이데일리 원다연 기자] 미래에셋자산운용은 ‘TIGER REITs Real Estate Infrastructure’ listed index fund (ETF) has surpassed 500 billion won in net assets, the company announced on the 13th.’, < br / >, < br />, ‘According to the Korea Exchange, as of the previous day’s closing price, the net assets of the TIGER REITs Real Estate Infrastructure ETF were 526.6 billion won. This is the largest among the REITs ETFs listed in Korea.’, < br / >, < br />, ‘The net assets that were 328.5 billion won at the end of last year increased by about 200 billion won in just 7 months this year. The cumulative net purchase amount by individual investors since the beginning of the year is 81.8 billion won, indicating a steady inflow of funds.’, < br / >, < br />, ‘The ETF, which was listed in July 2019, is the first REITs ETF in Korea. It selectively invests in high-quality assets with a market capitalization of over 200 billion won among REITs, infrastructure, and real estate funds listed in Korea. The total fee is the lowest among domestic REITs ETFs at an annual rate of 0.08%.’, < br / >, < br />, ‘This ETF distributes dividends monthly based on rental income generated from REIT-owned assets such as offices, hotels, and logistics warehouses. The total amount of dividends paid per share in the past year as of the previous day is 338 won, with an annualized distribution yield of 7.2%.’, < br / >, < br />, ‘REITs are considered one of the representative interest rate-sensitive assets that can expect stock price increases when the base interest rate is lowered and the interest rates on real estate loans stabilize. The TIGER REITs Real Estate Infrastructure ETF has been maintaining a stable trend even in volatile markets, benefiting from such expectations of interest rate cuts and government policy support. As of the previous day, the total return since the beginning of the year for this ETF was 13.7%, significantly outperforming the KOSPI index (-0.41%) during the same period.’, < br / >, < br />, ‘Oh Dong-joon, head of the Future Asset Management Strategy ETF Management Department, said, “Profitability is expected to improve due to the decrease in capital costs resulting from interest rate cuts, and policy support such as REITs activation measures is enhancing the REIT market investment environment,” adding, “TIGER REITs Real Estate Infrastructure ETF is a product that can pursue the benefits of REIT asset value appreciation due to interest rate cuts and steady income simultaneously.”‘, < br / >, < br />,


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