TIGER MSCI Korea TR (310970) 🔎 In-depth
Mirae Asset · Equity · Korea · Broad market · Price 2026-08-06 · Analysis 2026-07-14
This is an ETF that tracks the 'MSCI Korea' index created by the global index provider MSCI, investing broadly across Korea's leading large- and mid-cap stocks. The 'TR' at the end of the name means it uses the Total Return method, in which dividends from the holdings are not paid out in cash but rolled over (reinvested) inside the index.
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 | Excess |
|---|---|---|---|
| 1M | -20.31% | -20.33% | +0.02% |
| 3M | -14.00% | -13.96% | -0.05% |
| 6M | +32.60% | +32.90% | -0.30% |
| 1Y | +143.50% | +144.19% | -0.69% |
| 3Y | +201.72% | +202.48% | -0.77% |
Returns are NAV-based (distributions not reinvested); the index is the provider's price index, and tracking error is the annualized standard deviation of daily NAV-minus-index return differences. Source: data.go.kr securities market-price API.
Fees & distributions
Fees prior fiscal year · Mirae Asset official disclosure
Distributions
Distributions vary with fund performance; paying out more than income can reduce principal.
Understanding this ETF
The benchmark is the MSCI Korea Total Return (TR) index. The MSCI Korea index is designed to hold Korea's large- and mid-cap stocks so as to cover about 85% of the entire market, broadly representing the overall trend of our KOSPI-centered market. The TR version shows performance in which dividends paid by the constituents are reinvested directly into the index calculation.
As a domestic equity product it has no direct FX effect. It moves with the market as a whole, rising when Korean large caps broadly rise and falling when they fall. In particular, because it uses the TR method, the effect of receiving dividends and rolling them over again adds to long-term performance. Instead of receiving dividends in cash, that amount is reinvested and compounds, a structure that can work more favorably on the tax side than a plain type that pays dividends.
Rather than betting on a specific theme, it is well suited for use as a core (central) asset to hold Korea's whole market at once for the long term. It is broadly diversified so individual-stock risk is relatively low, but given our market's characteristic heavy tilt toward top large caps, it should be borne in mind that the whole can be shaken by the moves of a few stocks such as semiconductors. For investors who want to receive dividends in cash each time, the TR method can, on the contrary, be a disappointment.
In the first half of 2026 the Korean market was volatile, with big semiconductor stocks pulling the index strongly higher before a sharp early-July drop and rebound. Holding the whole market, this ETF reflects such broad trends and the swings of large caps directly.
In a word, this is an ETF that holds a 'basket of Korea's leading stocks' while automatically rolling over even the dividends. It is a solid choice when you want to invest in our whole market for a long time.
Composition
The core is Korea's top large caps by market capitalization. The weights of top names such as Samsung Electronics and SK Hynix are large, so in phases like recently, when big semiconductor stocks drive the market, this ETF's performance is also heavily driven by their moves. It overlaps substantially in holdings with domestic indices such as the KOSPI 200, but because it uses MSCI's own inclusion and weighting criteria, the detailed composition can differ slightly.
Classification
Notes & cautions
- As a TR (Total Return) product, dividends are not received in cash but reinvested inside the index. If you want regular cash distributions, its character may not be a good fit.
- Given the Korean market's characteristics, the weight of top large caps such as semiconductors is large, so performance can be heavily driven by the moves of a few stocks.
ETF terms explained
Korea FSC securities market-price API (data.go.kr) · ETF classification & tagging: our own descriptive categorization
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