Mirae Asset Global Investments announced on the 4th that the net assets of 'TIGER Global On-Device AI (480310)' have surpassed 80 billion KRW.
According to the Korea Exchange, as of the closing price on the 3rd, the net assets of the 'TIGER Global On-Device AI ETF' stand at 83.6 billion KRW. It exceeded 80 billion KRW in net assets just two months after its listing on April 16. From the listing date to the 3rd, the cumulative net purchase amount by individuals reached 27 billion KRW, ranking first among AI and semiconductor equity ETFs listed domestically.
'On-Device AI' refers to artificial intelligence computations performed directly on the user's device. Since data is not transmitted to external servers and computations are processed in real-time within the device, it can be used without internet connection, avoiding network latency, security issues, and power consumption. On-Device AI is an essential technology for freely and conveniently using AI like a personal assistant and is rapidly spreading across various fields.
The 'TIGER Global On-Device AI ETF' is the world's first ETF investing in companies related to On-Device AI technology. It focuses on companies related to neural processing units (NPU) that perform On-Device AI computations independently in AI phones, AI PCs, and other devices. Representative companies include ARM, which holds the number one market share in mobile processing units, as well as Qualcomm and Apple, which design AI semiconductors.
Especially this year, with the release of many products applying On-Device AI technology, interest in the 'TIGER Global On-Device AI ETF' is expected to increase. Following Samsung Electronics' release of the 'Galaxy S24' earlier this year, Apple is set to unveil numerous AI features and services at the Worldwide Developers Conference (WWDC) on the 10th. Microsoft is also preparing to launch the 'Copilot+ PC,' an AI PC with enhanced AI computation efficiency, in the second half of this year.
Kim Byung-seok, manager of the ETF Operations Division at Mirae Asset Global Investments, said, “The biggest challenge in the AI industry currently is that as AI becomes more commonplace, the power and computation demands are difficult to meet with data centers alone.” He added, “As products applying 'On-Device AI' replace AI computations, the everyday use of AI becomes possible, and future benefits to the 'TIGER Global On-Device AI ETF' are expected.”
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