TIGER Money Market Active (0043B0) 🔎 In-depth
Mirae Asset · Bonds · Korea · Rates · Parking · Price 2026-08-06 · Analysis 2026-07-14
This is a "parking" ETF designed to safely put idle cash to work while it waits on the sidelines. It spreads its money across ultra-short-term assets such as very-short-maturity bonds, commercial paper and certificates of deposit, aiming for a gentle, steady return that accumulates almost like daily interest.
This page organises public pricing and fund data for information purposes. It is not a recommendation to buy or sell, nor investment advice. Fees and distributions follow the manager's official disclosures and may change. Please verify with the fund manager's own materials and decide at your own responsibility.
Price as of 2026-08-06 close
USD values (market cap, AUM, turnover) are converted from KRW at ₩1,423.5 per US$ (2026-08-07); won figures are as reported. Market cap is listed units × market price, while AUM is the fund's net asset value — the two are close but not identical.
Returns & tracking as of 2026-08-06
| Period | ETF (NAV) | Index |
|---|---|---|
| 1M | +0.32% | +0.24% |
| 3M | +0.84% | +0.69% |
| 6M | +1.65% | +1.39% |
| 1Y | +2.34% | +2.69% |
This ETF pays regular distributions. The returns and max drawdown above are on a NAV (price) basis, distributions not reinvested, so actual total return is higher and the drawdown smaller than shown; excess return and tracking error are omitted for that reason. Source: data.go.kr securities market-price API.
Fees & distributions
Fees prior fiscal year · Mirae Asset official disclosure
Distributions Source: Mirae Asset distribution notice·KRX
Distributions vary with fund performance; paying out more than income can reduce principal.
Understanding this ETF
Rather than mechanically replicating a set index, it is actively managed: the managers directly select ultra-short-term money-market instruments, using the KIS-Mirae Asset MMF Index as a comparison benchmark. Put simply, it invests in a diversified pool of short-maturity safe assets much like a bank deposit or an MMF (money market fund), but packaged so it can be bought and sold in real time like a stock.
It does not swing up and down like an equity index; instead its price edges gradually higher by roughly the amount of interest earned on the ultra-short-term assets it holds. As of July 13, 2026, its daily move was about +0.01%, which nicely illustrates the fund's mild character. Because it invests in domestic won assets, it is not affected by exchange rates.
With very low volatility and a focus on stability, this product is commonly used as a "waiting-money parking lot" where cash can be temporarily sheltered when markets are unsettled. In return, the potential upside is limited to around ultra-short-term interest rates. It differs from a deposit, whose principal is always guaranteed, and it is worth knowing that the credit risk of the bonds and CP it holds, or changes in interest rates, can be reflected in its price, if only very slightly. A further advantage is that it can be bought and sold in real time at any point, making it convenient for managing cash flow.
As market uncertainty grew heading into 2026, demand rose sharply to move cash into parking-style products that accrue interest every day rather than leaving it sitting idle. Large sums continued to flow into MMFs and parking-style ETFs; such products suit the goal of "not letting money sit idle while you wait" rather than making a directional bet.
In a word, it is like a "temporary parking lot for money": a place to briefly leave idle cash before you decide where to invest, while still picking up even a day's worth of interest. It does not rise much, but by the same token it does not get shaken around much either.
Composition
Most of the fund consists of highly liquid assets such as short-maturity mark-to-market bonds, CP (commercial paper) and CDs (certificates of deposit), with a portion held in cash-equivalent assets. A defining feature is that the average maturity (duration) of the whole portfolio is kept very short, so that its price does not swing much even as interest rates rise and fall. Rather than listing individual holding weights, it is best understood by its character as a "basket of short-maturity safe assets."
Classification
Notes & cautions
- Although stable, it is not a product whose principal is guaranteed like a deposit, and changes in the credit or interest rates of the assets it holds can be reflected in its price little by little.
- The expected return is limited to around ultra-short-term interest rate levels. This is not a product aimed at large gains, but rather one closer in purpose to putting waiting cash to work.
ETF terms explained
Korea FSC securities market-price API (data.go.kr) · ETF classification & tagging: our own descriptive categorization
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