Mirae Asset Management Launches Two New ETFs Investing in HBM-Related Companies and High-Quality Corporate Bonds

Mirae Asset Global Investments announced on the 21st that it will newly list two exchange-traded funds (ETFs), 'TIGER AI Semiconductor Core Process ETF' and 'TIGER 24-12 Financial Bonds (AA- or higher) ETF.'

The 'TIGER AI Semiconductor Core Process ETF' focuses intensively on HBM (High Bandwidth Memory), a core component of artificial intelligence (AI) semiconductors. HBM is a semiconductor that significantly increases bandwidth to process large amounts of data at once. Its manufacturing requires advanced 'packaging' core process technology, and currently, South Korea holds about 90% of the global HBM market. These companies are expected to benefit from the growth of AI semiconductors.

The underlying index is the 'iSelect AI Semiconductor Core Process.' As of the previous day, it has the highest proportion of AI semiconductor-related stocks, including HBM, among domestic small- and mid-cap semiconductor indices. Major constituent stocks include Hanmi Semiconductor (16.1%), Isu Petasys (9.0%), EO Technics (8.2%), and Hana Micron (6.6%). Samsung Electronics and SK Hynix, which have large market shares in mobile and PC sectors, are excluded, and only core companies related to HBM and AI semiconductors with high growth potential are included.

The 'TIGER 24-12 Financial Bonds (AA- or higher) ETF' is a maturity-matching bond ETF that invests in high-quality financial bonds with AA- or higher ratings maturing in December next year. Maturity-matching bond ETFs are popular among investors seeking stable fund management because holding them until maturity after purchase allows realization of the expected principal and interest income. As of the previous day, the expected yield to maturity (YTM) is approximately 4.35% annualized.

Kim Nam-gi, Head of ETF Operations at Mirae Asset Global Investments, said, "The upcoming semiconductor upcycle will be driven by AI demand, and the TIGER AI Semiconductor Core Process ETF is the optimal solution for investors looking for AI-beneficiary semiconductor companies." He added, "For investors who want to establish a stable investment strategy amid ongoing interest rate hikes and unstable stock market conditions, the TIGER maturity-matching bond ETF series can be a useful option."