Mirae Asset's 'TIGER TSMC Value Chain FACTSET ETF' Tops Individual Stock Purchases on Listing Day

Mirae Asset Global Investments announced on the 5th that the ‘TIGER TSMC Value Chain FACTSET ETF,’ launched the previous day, recorded the largest net individual purchase on its first day of listing among newly listed equity ETFs this year.

According to the Korea Exchange, as of the 4th, individual investors net purchased 1.5 billion KRW worth of the ‘TIGER TSMC Value Chain FACTSET ETF.’ This is the largest net individual purchase on the listing day among newly listed equity ETFs this year. Including purchases by institutions and foreigners, the total daily trading value reached 11.5 billion KRW, making it the only newly listed equity ETF this year to surpass 10 billion KRW in trading value on its first day.

The concentrated interest in the ‘TIGER TSMC Value Chain FACTSET ETF’ from the day of listing appears to reflect investors’ expectations for a recovery in the semiconductor industry. With the recent emergence of Chat GPT and others, the semiconductor market is rebounding, centered on high-performance semiconductors for AI computing, leading to a prevailing forecast of a sharp increase in demand for non-memory semiconductors. The ‘TIGER TSMC Value Chain FACTSET ETF’ focuses on investing in the value chain, including TSMC, the number one foundry in non-memory semiconductors, and TSMC’s major primary suppliers, which are expected to grow alongside TSMC, thus anticipating direct and indirect benefits from the growth of the semiconductor industry.

Kim Byung-seok, Manager of the ETF Management Division at Mirae Asset Global Investments, said, “‘TIGER TSMC Value Chain FACTSET ETF’ is designed to focus investment on companies with high technological competitiveness in the newly reorganized semiconductor industry,” adding, “With suppliers’ production cuts and high-performance computing (HPC) demand from Chat GPT and others, the semiconductor industry is expected to enter a recovery cycle, and this ETF is anticipated to grow further in the future.”