'TIGER Global Innovation Bluechip TOP10 ETF' Captivates Individual Investors from Listing Day
Compressed Investment in Global Mega Trends like AI & Big Data, Semiconductors
Record Highest Individual Net Purchase on Listing Day Among Overseas Investment ETFs Listed This Year
The ‘TIGER Global Innovation Bluechip TOP10 ETF,’ which invests in global innovation themes with unlimited growth potential, has been receiving explosive interest from investors since its listing day.
According to the Korea Exchange on the 30th, the net purchase amount by individuals on the listing day of Mirae Asset Global Investments’ newly listed ‘TIGER Global Innovation Bluechip TOP10 ETF’ was 17.8 billion KRW. This is the largest net purchase amount by individuals on the listing day among overseas investment ETFs listed on the Korea Exchange this year.
The ‘TIGER Global Innovation Bluechip TOP10 ETF’ identifies and focuses investment on bluechip companies within global innovation themes. Bluechip companies refer to large-cap, high-quality stocks with sound financial structures, stability, and profitability. These companies are among the top in market capitalization by industry, leading market gains in bull markets and exhibiting low volatility in bear markets.
Among global innovation themes, the ‘TIGER Global Innovation Bluechip TOP10 ETF’ selects and invests in the top 10 bluechip companies across four themes: ▲ AI & Big Data ▲ Semiconductors ▲ Next-generation Mobility & Green Energy ▲ Healthcare & Biotechnology. The ‘AI & Big Data’ theme includes global big tech companies such as Apple, Microsoft, Google, and Amazon. The semiconductor theme includes AI semiconductor leader Nvidia and the world’s number one foundry company TSMC. The next-generation mobility & green energy theme includes the world’s largest electric vehicle company Tesla, as well as China’s CATL and BYD. The healthcare & biotechnology theme includes the leading U.S. healthcare company Eli Lilly.
As such, the ‘TIGER Global Innovation Bluechip TOP10 ETF’ is a product that invests in global mega trends all at once. Mirae Asset Global Investments is understood to have captivated investors by pioneering a new area previously absent in the domestic ETF market. While the domestic ETF market has seen the emergence of various thematic ETFs and sustained buying by individual investors, most thematic ETFs focus on a single theme. The ‘TIGER Global Innovation Bluechip TOP10 ETF’ is the first thematic ETF to compress multiple innovative growth themes, which appears to have sufficiently attracted individual investors’ attention.
Additionally, Mirae Asset Global Investments’ history of introducing various innovative growth thematic ETFs in the global ETF market is also analyzed to have driven investor sentiment. Since launching the first TIGER ETF in 2006, Mirae Asset Global Investments has led the innovative growth thematic ETF market with trend-setting products such as the ‘TIGER U.S. Tech TOP10 INDXX ETF’ and ‘TIGER U.S. Philadelphia Semiconductor Nasdaq’ ETFs.
The background enabling Mirae Asset Global Investments to offer various innovative growth thematic products is attributed to the competitiveness of its global network. Park Hyun-joo, Chairman and Global Strategy Officer (GSO) of Mirae Asset Group, has actively pursued mergers and acquisitions (M&A) to expand the global ETF business, starting with the Canadian ETF manager ‘Horizons ETFs’ in 2011, acquiring the U.S. ‘Global X’ in 2018, and Australia’s ‘ETF Securities’ in 2022.
Moreover, recently, Mirae Asset established the in-house index company ‘Mirae Asset Global Indices’ in India, building a global ETF ecosystem that oversees everything from ETF index development to liquidity provision and management. The ‘TIGER Global Innovation Bluechip TOP10 ETF’ is the first TIGER ETF to utilize an index calculated by ‘Mirae Asset Global Indices.’
Manager Lee Ga-hyun of Mirae Asset Global Investments’ Global ETF Management Division said, “Unlike existing products that invest in a single theme or sector, the TIGER Global Innovation Bluechip TOP10 ETF is a one-ticket solution that allows investment at once in bluechip stocks leading global innovation in areas such as AI, semiconductors, and next-generation mobility. It is an optimized product for long-term investment through pensions.”
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