Mirae Asset's 'TIGER Fn Bandochae TOP10 ETF' Surpasses 100 Billion KRW in Net Assets

Mirae Asset Global Investments announced on the 27th that the net assets of the ‘TIGER Fn Semiconductor TOP10 ETF’ have surpassed 100 billion KRW.

According to the Korea Exchange, as of the closing price on the 24th, the net assets of the ‘TIGER Fn Semiconductor TOP10 ETF’ stand at 120.1 billion KRW. With the recent hype surrounding OpenAI’s AI chatbot ‘Chat GPT,’ expectations for the AI and semiconductor industries have risen, leading to a rapid increase in the ETF’s net assets. Since the beginning of the year until the 24th, the net purchase volume by individuals for this ETF ranked first among domestic equity ETFs listed on the Korea Exchange.

The ‘TIGER Fn Semiconductor TOP10 ETF’ is a product that focuses on investing in the top 10 domestic semiconductor companies, including Samsung Electronics and SK Hynix, and is expected to benefit from the recent turnaround in the semiconductor market. In particular, with the emergence of Chat GPT intensifying competition in the industry, the demand for semiconductors required for large-scale, high-capacity computing for AI is expected to surge significantly. Continuous growth of the ‘TIGER Fn Semiconductor TOP10 ETF,’ which holds leading domestic semiconductor stocks, is therefore anticipated.

Shin Seung-woo, manager of the ETF Management Division at Mirae Asset Global Investments, said, “As the recent interest rate hike cycle nears its end, risk appetite is strengthening, and the AI boom is creating a positive environment for semiconductor investments.” He added, “We will strive to provide optimized investment solutions for the semiconductor industry, including leading domestic semiconductor stocks, through the ‘TIGER Fn Semiconductor TOP10 ETF,’ reflecting investors’ strong interest in semiconductors.”