Mirae Asset's 'TIGER 2nd Battery TOP10 Leverage ETF' Individual Cumulative Net Purchase Surpasses 100 Billion Won

Mirae Asset Global Investments announced on the 10th that the cumulative net purchase by individuals of the ‘TIGER 2nd Battery TOP10 Leverage ETF’ has surpassed 100 billion KRW.

According to the Korea Exchange, as of the closing price on the 9th, the cumulative net purchase by individuals since the listing date of the ‘TIGER 2nd Battery TOP10 Leverage ETF’ on December 15, 2021, was recorded at 101.3 billion KRW. Since the beginning of the year alone, 66.6 billion KRW of individual net purchases have flowed in.

The ‘TIGER 2nd Battery TOP10 Leverage ETF’ invests in 10 representative companies within the secondary battery industry, including LG Energy Solution, which represents the secondary battery cell sector, and POSCO Future M, a leading cathode material company, as well as Samsung SDI, LG Chem, and EcoPro. The portfolio excludes over-the-counter derivatives such as swaps and contains only ETFs, listed stocks, and derivatives, making it the only domestically listed secondary battery leverage or inverse ETF that is virtually free from tax burdens on capital gains.

Mirae Asset Global Investments, which launched Korea’s first secondary battery ETF in September 2018, currently offers a total of four TIGER 2nd Battery ETF lineups, including the ‘TIGER 2nd Battery TOP10 Leverage ETF.’ As of the 8th, the total net assets of TIGER 2nd Battery ETFs reached 2.3 trillion KRW.

To focus investment on leading stocks, the index methodology of two TIGER 2nd Battery ETFs will be changed starting from the 12th. The ‘TIGER 2nd Battery Theme ETF,’ Korea’s first and largest secondary battery ETF, will increase the weight of the top four stocks?LG Energy Solution, Samsung SDI, POSCO Holdings, and LG Chem?from 10% each to 15%. The ‘TIGER 2nd Battery Materials Fn ETF,’ which focuses on cathode materials and vertical integration companies, will change the weights of EcoPro BM, EcoPro, and POSCO Future M to 20% each, totaling 60% (previously 38.32%), concentrating investment on the top market capitalization companies. Detailed information regarding the index methodology changes can be found on the TIGER ETF website.

Shin Seung-woo, manager of the ETF Management Division at Mirae Asset Global Investments, introduced, "The TIGER 2nd Battery TOP10 Leverage ETF is the only ETF that offers leveraged investment in leading secondary battery companies while being virtually free from tax burdens." He added, "Since the tax on leverage ETFs corresponds to dividend income tax and may be subject to comprehensive taxation, investors can simultaneously enjoy leveraged investment in secondary batteries and smart tax benefits through this ETF."