South Korean retail investors bought a net 4.86 trillion won ($3.5 billion) of Mirae Asset Global Investments’ TIGER U.S. S&P 500 exchange-traded fund (ETF) from the start of the year through the previous session, according to Korea Exchange data released on the 29th. The fund recorded the largest retail inflow among all ETFs listed in South Korea, including leveraged and inverse products. Buying accelerated after July, with 1.67 trillion won entering the fund during the second half and 447.4 billion won over the past month. The fund also attracted more retail money than all other South Korea-listed S&P 500 ETFs combined. Its net assets grew from 2 trillion won in September 2023 to 20 trillion won in July this year, which Mirae Asset said was the fastest pace for any South Korean ETF. The asset manager attributed demand to the S&P 500’s industry diversification and the fund’s availability in pension savings and retirement accounts.