Mirae Asset's 'TIGER Miguk Philadelphia Semiconductor Nasdaq ETF' Surpasses 2 Trillion KRW in Net Assets

Mirae Asset Global Investments announced on the 14th that the ‘TIGER U.S. Philadelphia Semiconductor Nasdaq Exchange-Traded Fund (ETF)’ has surpassed 2 trillion KRW in net assets.

According to the Korea Exchange, as of the closing price on the 13th, the net assets of the ‘TIGER U.S. Philadelphia Semiconductor Nasdaq ETF’ stand at 2.1008 trillion KRW. This ETF, newly listed in April 2021, reached 2 trillion KRW in net assets within three years of its listing. It is the largest among the 32 semiconductor ETFs listed domestically and the only representative domestic semiconductor ETF with net assets exceeding the trillion KRW mark.

The ‘TIGER U.S. Philadelphia Semiconductor Nasdaq ETF’ invests in 30 major global semiconductor companies including Nvidia, AMD, Broadcom, Qualcomm, TSMC, and ASML. The ETF’s underlying index, the ‘Philadelphia Semiconductor Index (PHLX Semiconductor Sector Index),’ has been calculated since 1993 and is a globally recognized index representing the semiconductor and advanced industries based on its long history and symbolism. TIGER ETF is the only ETF in Korea that allows investment in this index.

With the advent of the generative AI industry era, starting with ChatGPT, global semiconductor companies including Nvidia have recently reported solid earnings, strengthening the buying momentum for the ‘TIGER U.S. Philadelphia Semiconductor Nasdaq ETF.’ The semiconductor industry in the generative AI era is expected to grow centered on non-memory semiconductors, which are essential for computation, processing, and learning using vast amounts of data. From this year, with the launch of Microsoft (MS) Windows 12 as a turning point, AI services are expected to be fully commercialized, accelerating the growth of the artificial intelligence industry, including on-device AI.

Mirae Asset Global Investments is holding a customer appreciation event to celebrate the ‘TIGER U.S. Philadelphia Semiconductor Nasdaq ETF’ surpassing 2 trillion KRW in net assets. Until the 26th of this month, participants who answer quizzes related to the ‘TIGER U.S. Philadelphia Semiconductor Nasdaq ETF’ on the TIGER ETF website will be entered into a draw to receive gifticons. Detailed information can be found on the Mirae Asset Global Investments TIGER ETF website.

Kim Ji-yeon, Senior Manager of the Global ETF Management Division at Mirae Asset Global Investments, said, “The TIGER U.S. Philadelphia Semiconductor Nasdaq ETF has recorded excellent performance with a cumulative return of 78.7% since its listing in April 2021 and 20.9% year-to-date, alongside the rapid growth of the semiconductor industry. As the only domestic ETF tracking the Philadelphia Semiconductor Index, it evenly covers the global non-memory semiconductor value chain, making it worth noting in the generative AI industry era led by non-memory semiconductors.”